Saputo (TSE:SAP - Free Report) had its target price lowered by Jefferies Financial Group from C$36.00 to C$32.00 in a research report sent to investors on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other brokerages have also recently weighed in on SAP. BMO Capital Markets cut shares of Saputo from an "outperform" rating to a "market perform" rating and reduced their price target for the company from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. Royal Bank of Canada reduced their target price on Saputo from C$39.00 to C$38.00 and set an "outperform" rating for the company in a report on Tuesday, October 29th. TD Securities dropped their price target on Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. Finally, Desjardins set a C$34.00 price objective on Saputo in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$34.19.
Read Our Latest Report on Saputo
Saputo Stock Down 0.7 %
Saputo stock traded down C$0.17 during mid-day trading on Monday, hitting C$25.03. The company had a trading volume of 696,364 shares, compared to its average volume of 475,827. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. Saputo has a 1 year low of C$24.63 and a 1 year high of C$32.15. The business has a fifty day moving average of C$26.65 and a 200 day moving average of C$28.87. The stock has a market cap of C$10.62 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 0.56 and a beta of 0.32.
Saputo Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.76 annualized dividend and a dividend yield of 3.04%. Saputo's dividend payout ratio (DPR) is currently 120.63%.
Insider Activity
In other news, Senior Officer Leanne Cutts purchased 4,000 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of C$26.25 per share, for a total transaction of C$105,000.00. Corporate insiders own 40.45% of the company's stock.
About Saputo
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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.
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