Saputo Inc. (TSE:SAP) Given Average Rating of “Moderate Buy” by Brokerages

Saputo Inc. (TSE:SAP) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$31.29.

Several equities analysts recently commented on the company. CIBC dropped their target price on Saputo from C$32.00 to C$29.00 in a report on Monday, February 10th. Jefferies Financial Group dropped their target price on Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. BMO Capital Markets decreased their price objective on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. National Bankshares decreased their price objective on shares of Saputo from C$31.00 to C$28.00 in a research note on Wednesday, January 15th. Finally, TD Securities decreased their price objective on shares of Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th.

Saputo Stock Performance

TSE:SAP opened at C$25.44 on Thursday. The firm has a market capitalization of C$10.72 billion, a PE ratio of -68.11, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The business’s fifty day moving average price is C$24.34 and its 200 day moving average price is C$26.69. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. Saputo has a 12 month low of C$22.59 and a 12 month high of C$32.15.

Saputo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.76 annualized dividend and a dividend yield of 2.99%. Saputo’s dividend payout ratio (DPR) is -203.48%.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.