Shares of Saputo Inc. (TSE:SAP - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$31.29.
A number of brokerages recently weighed in on SAP. TD Securities reduced their target price on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Desjardins reduced their target price on Saputo from C$34.00 to C$31.00 and set a "buy" rating on the stock in a report on Monday. CIBC reduced their target price on Saputo from C$32.00 to C$29.00 in a report on Monday. National Bankshares reduced their price objective on Saputo from C$31.00 to C$28.00 in a research note on Wednesday, January 15th. Finally, BMO Capital Markets reduced their price objective on Saputo from C$30.00 to C$27.00 and set a "market perform" rating on the stock in a research note on Friday, January 10th.
Check Out Our Latest Stock Report on Saputo
Insider Buying and Selling at Saputo
In other Saputo news, Senior Officer Leanne Cutts purchased 4,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were bought at an average cost of C$26.25 per share, with a total value of C$105,000.00. Corporate insiders own 40.45% of the company's stock.
Saputo Trading Up 1.2 %
Shares of TSE:SAP traded up C$0.28 during midday trading on Friday, reaching C$24.30. The company's stock had a trading volume of 593,155 shares, compared to its average volume of 806,287. The firm has a market cap of C$10.31 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. 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$22.59 and a 1 year high of C$32.15. The business has a 50 day moving average price of C$24.61 and a 200 day moving average price of C$27.34.
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 issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.76 annualized dividend and a yield of 3.13%. Saputo's dividend payout ratio (DPR) is currently 120.63%.
Saputo Company Profile
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Get Free ReportSaputo 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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