Saputo Inc. (TSE:SAP) Given Consensus Rating of "Buy" by Analysts

Shares of Saputo Inc. (TSE:SAP - Get Free Report) have received a consensus rating of "Buy" from the eight analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$31.00.

Several research analysts have commented on the stock. BMO Capital Markets dropped 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 report on Friday, January 10th. Jefferies Financial Group dropped their price target on Saputo from C$36.00 to C$32.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. National Bankshares reduced their price objective on Saputo from C$31.00 to C$28.00 in a research note on Wednesday, January 15th. TD Securities lowered their target price on Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, Scotiabank upgraded shares of Saputo to a "strong-buy" rating in a research report on Tuesday.

Saputo Price Performance

Shares of TSE:SAP traded down C$1.07 during midday trading on Monday, reaching C$24.56. 1,078,166 shares of the company were exchanged, compared to its average volume of 805,205. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. The stock has a market cap of C$10.35 billion, a PE ratio of -65.76, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The business's fifty day moving average is C$24.85 and its two-hundred day moving average is C$26.00. Saputo has a one year low of C$22.59 and a one year high of C$32.15.

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Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.76 annualized dividend and a yield of 3.09%. Saputo's payout ratio is presently -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.