Brokerages Set Saputo Inc. (TSE:SAP) Target Price at C$31.29

Saputo Inc. (TSE:SAP - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$31.29.

Several equities analysts have issued reports on SAP shares. Royal Bank of Canada decreased their price objective on shares of Saputo from C$38.00 to C$35.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. CIBC decreased their price objective on shares of Saputo from C$32.00 to C$29.00 in a report on Monday, February 10th. TD Securities decreased their price objective on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Desjardins decreased their price objective on shares of Saputo from C$34.00 to C$31.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Finally, National Bankshares decreased their price objective on shares of Saputo from C$31.00 to C$28.00 in a report on Wednesday, January 15th.

Saputo Stock Performance

TSE SAP traded up C$0.10 during mid-day trading on Thursday, reaching C$25.48. 795,827 shares of the stock were exchanged, compared to its average volume of 834,045. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. The company has a market capitalization of C$10.74 billion, a P/E ratio of -68.22, a P/E/G ratio of 0.56 and a beta of 0.32. Saputo has a 1 year low of C$22.59 and a 1 year high of C$32.15. The business's 50 day moving average is C$24.36 and its 200-day moving average is C$26.63.

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Saputo Announces Dividend

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 given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Tuesday, March 4th. Saputo's dividend payout ratio (DPR) is -203.48%.

Saputo Company Profile

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.