Saputo Inc. (TSE:SAP - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$24.35 and last traded at C$24.45, with a volume of 136647 shares. The stock had previously closed at C$24.63.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group lowered their target price 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. Desjardins set a C$34.00 target price on Saputo in a report on Monday, November 11th. TD Securities dropped their price target on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. BMO Capital Markets lowered Saputo from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from C$35.00 to C$30.00 in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada decreased their target price on Saputo from C$39.00 to C$38.00 and set an "outperform" rating on the stock in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Saputo currently has a consensus rating of "Moderate Buy" and an average target price of C$34.19.
Read Our Latest Research Report on Saputo
Saputo Stock Performance
The stock has a market capitalization of C$10.39 billion, a price-to-earnings ratio of 38.87, 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 stock has a 50-day moving average of C$26.01 and a 200 day moving average of C$28.57.
Saputo Dividend Announcement
The firm also recently declared 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 dividend yield of 3.10%. The ex-dividend date was Tuesday, December 10th. Saputo's dividend payout ratio (DPR) is 120.63%.
Insider Activity at Saputo
In related news, Senior Officer Leanne Cutts bought 4,000 shares of Saputo stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of C$26.25 per share, for a total transaction of C$105,000.00. 40.45% of the stock is currently owned by company insiders.
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.
Featured Articles
Before you consider Saputo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saputo wasn't on the list.
While Saputo currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
