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

Saputo Inc. (TSE:SAP - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$32.94.

Several equities analysts have recently issued reports on SAP shares. Royal Bank of Canada reduced their target price on Saputo from C$39.00 to C$38.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 29th. National Bankshares reduced their price objective on shares of Saputo from C$31.00 to C$28.00 in a research report on Wednesday. Jefferies Financial Group dropped their target price on shares of Saputo from C$36.00 to C$32.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Desjardins set a C$34.00 price objective on Saputo in a research report on Monday, November 11th. Finally, BMO Capital Markets cut their target price 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.

Insider Activity at Saputo

In other news, Senior Officer Leanne Cutts purchased 4,000 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of C$26.25 per share, for a total transaction of C$105,000.00. 40.45% of the stock is owned by corporate insiders.

Saputo Trading Up 0.0 %

Saputo stock traded up C$0.01 during trading hours on Wednesday, reaching C$23.07. The company had a trading volume of 942,314 shares, compared to its average volume of 753,398. The company has a debt-to-equity ratio of 53.17, a current ratio of 1.59 and a quick ratio of 0.67. Saputo has a 12-month low of C$22.65 and a 12-month high of C$32.15. The company has a 50-day moving average price of C$25.70 and a 200 day moving average price of C$28.38. The firm has a market cap of C$9.79 billion, a price-to-earnings ratio of 36.62, a P/E/G ratio of 0.56 and a beta of 0.32.

Saputo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend 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.