Saputo Inc. (TSE:SAP - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$25.28 and last traded at C$25.37, with a volume of 505155 shares. The stock had previously closed at C$25.58.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on SAP. TD Securities lowered their target price on Saputo from C$38.00 to C$37.00 in a research report on Monday, November 11th. BMO Capital Markets lowered shares of Saputo from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. Desjardins set a C$34.00 target price on shares of Saputo in a report on Monday, November 11th. Finally, Royal Bank of Canada decreased their target price on shares of Saputo from C$39.00 to C$38.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Saputo has an average rating of "Moderate Buy" and an average target price of C$34.50.
View Our Latest Stock Report on SAP
Saputo Stock Down 1.3 %
The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59. The company's fifty day moving average price is C$26.86 and its 200-day moving average price is C$28.92. The stock has a market cap of C$10.71 billion, a P/E ratio of 40.08, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32.
Saputo Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Tuesday, December 10th. Saputo's payout ratio is currently 120.63%.
Insider Activity
In other news, Senior Officer Leanne Cutts bought 4,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of C$26.25 per share, for a total transaction of C$105,000.00. Insiders own 40.45% of the company's stock.
Saputo Company Profile
(
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.
Further Reading
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