Analysts Set Saputo Inc. (TSE:SAP) PT at C$34.50

Saputo Inc. (TSE:SAP - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$34.50.

A number of research firms have recently weighed in on SAP. Royal Bank of Canada cut their price target on Saputo from C$39.00 to C$38.00 and set an "outperform" rating on the stock in a report on Tuesday, October 29th. CIBC decreased their price target on Saputo from C$37.00 to C$35.00 and set an "outperform" rating for the company in a research note on Monday, August 12th. TD Securities cut their price objective on shares of Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. Desjardins set a C$34.00 price objective on shares of Saputo in a report on Monday, November 11th. Finally, BMO Capital Markets cut shares of Saputo from an "outperform" rating to a "market perform" rating and lowered their target price for the company from C$35.00 to C$30.00 in a research note on Tuesday, October 15th.

Saputo Stock Performance

Shares of TSE SAP traded down C$0.53 during mid-day trading on Tuesday, hitting C$25.82. The company had a trading volume of 839,746 shares, compared to its average volume of 448,601. Saputo has a 12 month low of C$25.28 and a 12 month high of C$32.15. The stock has a market cap of C$10.96 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 53.17, a current ratio of 1.59 and a quick ratio of 0.67. The firm's 50 day simple moving average is C$27.60 and its two-hundred day simple moving average is C$29.02.

Saputo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is 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.