Saputo (TSE:SAP - Free Report) had its price objective trimmed by National Bankshares from C$31.00 to C$28.00 in a research report released on Wednesday morning,BayStreet.CA reports.
Several other research firms have also commented on SAP. Desjardins set a C$34.00 price target on Saputo in a research report on Monday, November 11th. TD Securities dropped their target price on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. BMO Capital Markets cut their target price on Saputo from C$30.00 to C$27.00 and set a "market perform" rating on the stock in a research report on Friday, January 10th. Jefferies Financial Group lowered their price target on Saputo from C$36.00 to C$32.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Finally, Royal Bank of Canada cut their price objective on shares of Saputo from C$39.00 to C$38.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$32.94.
Read Our Latest Research Report on Saputo
Saputo Price Performance
Shares of TSE:SAP traded up C$0.01 on Wednesday, reaching C$23.07. The company's stock had a trading volume of 942,314 shares, compared to its average volume of 753,398. The company has a 50-day simple moving average of C$25.70 and a 200 day simple moving average of C$28.38. Saputo has a 52-week low of C$22.65 and a 52-week high of C$32.15. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59. The company has a market cap of C$9.79 billion, a P/E ratio of 36.62, 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. Stockholders of record on Friday, December 20th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Tuesday, December 10th. Saputo's dividend payout ratio is currently 120.63%.
Insider Transactions at Saputo
In related news, Senior Officer Leanne Cutts acquired 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of C$26.25 per share, for a total transaction of C$105,000.00. Company 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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