Shares of Saputo Inc. (TSE:SAP - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$22.94 and last traded at C$22.96, with a volume of 250865 shares changing hands. The stock had previously closed at C$23.31.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Desjardins set a C$34.00 price target on shares of Saputo in a report on Monday, November 11th. Royal Bank of Canada lowered their target price on shares of Saputo from C$39.00 to C$38.00 and set an "outperform" rating for the company in a research note on Tuesday, October 29th. Jefferies Financial Group reduced their price target on Saputo from C$36.00 to C$32.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. TD Securities decreased their price objective on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Finally, BMO Capital Markets dropped 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$33.81.
View Our Latest Analysis on SAP
Saputo Stock Down 1.1 %
The stock has a market capitalization of C$9.79 billion, a PE ratio of 36.60, a price-to-earnings-growth 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 business's fifty day moving average price is C$25.70 and its two-hundred day moving average price is C$28.38.
Saputo Announces Dividend
The company also recently disclosed 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 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, December 10th. Saputo's payout ratio is 120.63%.
Insider Buying and Selling
In related news, Senior Officer Leanne Cutts acquired 4,000 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of C$26.25 per share, with a total value of C$105,000.00. Corporate insiders own 40.45% of the company's stock.
About Saputo
(
Get Free Report)
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.
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