BMO Capital Markets Cuts Saputo (TSE:SAP) Price Target to C$27.00

Saputo (TSE:SAP - Free Report) had its price objective reduced by BMO Capital Markets from C$30.00 to C$27.00 in a research note published on Friday,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other research firms also recently weighed in on SAP. TD Securities cut their price objective on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Royal Bank of Canada lowered their price objective on 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. Desjardins set a C$34.00 target price on shares of Saputo in a research report on Monday, November 11th. Finally, Jefferies Financial Group decreased 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 report on Monday, December 23rd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Saputo has an average rating of "Moderate Buy" and an average price target of C$33.81.

Saputo Price Performance

TSE SAP traded down C$0.93 during trading on Friday, hitting C$23.31. 979,253 shares of the company's stock were exchanged, compared to its average volume of 670,657. The company has a market cap of C$9.89 billion, a PE ratio of 37.00, a P/E/G ratio of 0.56 and a beta of 0.32. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17. Saputo has a fifty-two week low of C$22.96 and a fifty-two week high of C$32.15. The stock's 50 day moving average price is C$25.84 and its two-hundred day moving average price is C$28.47.

Saputo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Tuesday, December 10th. Saputo's dividend payout ratio is presently 120.63%.

Insider Buying and Selling at Saputo

In related news, Senior Officer Leanne Cutts bought 4,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of C$26.25 per share, with a total value of C$105,000.00. Insiders own 40.45% of the company's stock.

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.