Saputo Inc. (TSE:SAP - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as C$24.47 and last traded at C$24.50, with a volume of 105374 shares trading hands. The stock had previously closed at C$24.87.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on SAP. BMO Capital Markets cut Saputo from an "outperform" rating to a "market perform" rating and cut their target price 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 price objective on shares of Saputo in a report on Monday, November 11th. TD Securities lowered their target price on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Jefferies Financial Group cut their price target on shares of Saputo from C$36.00 to C$32.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Finally, Royal Bank of Canada decreased their price objective 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Saputo has an average rating of "Moderate Buy" and a consensus price target of C$34.19.
Get Our Latest Research Report on Saputo
Saputo Trading Down 0.5 %
The stock's 50 day simple moving average is C$26.28 and its two-hundred day simple moving average is C$28.76. The stock has a market capitalization of C$10.50 billion, a PE ratio of 39.27, a PEG 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.
Saputo Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, December 10th. Saputo's dividend payout ratio (DPR) is 120.63%.
Insider Buying and Selling at Saputo
In other Saputo news, Senior Officer Leanne Cutts acquired 4,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost 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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