Saputo Inc. (TSE:SAP) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Saputo Inc. (TSE:SAP - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$34.50.

A number of equities analysts have recently issued reports on SAP shares. BMO Capital Markets cut shares of Saputo from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. Desjardins set a C$34.00 price target on Saputo in a report on Monday, November 11th. TD Securities decreased their price objective on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Finally, Royal Bank of Canada lowered their target price on 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.

Insider Buying and Selling at Saputo

In other Saputo news, Senior Officer Leanne Cutts acquired 4,000 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of C$26.25 per share, with a total value of C$105,000.00. Insiders own 40.45% of the company's stock.

Saputo Stock Performance

Shares of TSE:SAP remained flat at C$25.20 during trading on Friday. 1,789,741 shares of the stock were exchanged, compared to its average volume of 474,934. Saputo has a 12 month low of C$25.05 and a 12 month high of C$32.15. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17. The business's 50 day moving average is C$26.65 and its two-hundred day moving average is C$28.86. The stock has a market capitalization of C$10.69 billion, a PE ratio of 40.00, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32.

Saputo Dividend Announcement

The company 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. This represents a $0.76 annualized dividend and a yield of 3.02%. The ex-dividend date was Tuesday, December 10th. Saputo's dividend payout ratio is presently 120.63%.

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.