National Bankshares Reiterates "C$28.00" Price Target for Saputo (TSE:SAP)

National Bankshares set a C$28.00 target price on Saputo (TSE:SAP - Free Report) in a report published on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

SAP has been the subject of several other reports. Royal Bank of Canada dropped their target price on Saputo from C$38.00 to C$35.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Scotiabank raised shares of Saputo to a "strong-buy" rating in a research note on Tuesday, April 1st. Jefferies Financial Group dropped their price target on shares of Saputo from C$36.00 to C$32.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. TD Securities reduced their price target on shares of 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. Finally, BMO Capital Markets lowered their price objective on Saputo from C$30.00 to C$27.00 and set a "market perform" rating for the company in a research report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$31.00.

Saputo Price Performance

SAP traded up C$0.97 during trading on Monday, reaching C$25.31. The company's stock had a trading volume of 1,327,792 shares, compared to its average volume of 816,934. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The firm has a fifty day simple moving average of C$24.96 and a two-hundred day simple moving average of C$25.72. The company has a market cap of C$10.67 billion, a price-to-earnings ratio of -67.77, a PEG ratio of 0.56 and a beta of 0.32. Saputo has a 1 year low of C$22.59 and a 1 year high of C$32.15.

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Saputo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Tuesday, March 4th. Saputo's dividend payout ratio (DPR) is -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.