Brokerages Set Saputo Inc. (TSE:SAP) PT at C$31.00

Shares of Saputo Inc. (TSE:SAP - Get Free Report) have been given an average rating of "Buy" by the eight research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$31.00.

Several brokerages recently weighed in on SAP. Royal Bank of Canada reduced their price objective on shares of Saputo from C$38.00 to C$35.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. TD Securities reduced their price target on Saputo from C$37.00 to C$35.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Scotiabank raised Saputo to a "strong-buy" rating in a research note on Tuesday, April 1st. National Bankshares set a C$28.00 price objective on Saputo and gave the stock an "outperform" rating in a research note on Monday, April 7th. Finally, CIBC decreased their target price on shares of Saputo from C$32.00 to C$29.00 in a research report on Monday, February 10th.

Saputo Trading Down 0.8 %

SAP traded down C$0.20 during trading on Friday, reaching C$26.30. 484,217 shares of the company's stock were exchanged, compared to its average volume of 790,371. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. Saputo has a one year low of C$22.59 and a one year high of C$32.15. The firm has a fifty day moving average price of C$25.35 and a two-hundred day moving average price of C$25.52. The stock has a market capitalization of C$11.09 billion, a PE ratio of -70.42, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32.

Saputo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a $0.19 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.76 annualized dividend and a dividend yield of 2.89%. Saputo's dividend payout ratio is currently -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.