Saputo Inc. (TSE:SAP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Saputo Inc. (TSE:SAP) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$31.00.

Several equities analysts have recently issued reports on the stock. CIBC reduced their price target on shares of Saputo from C$32.00 to C$29.00 in a report on Monday, February 10th. National Bankshares reduced their target price on shares of Saputo from C$31.00 to C$28.00 in a research note on Wednesday, January 15th. BMO Capital Markets dropped their price target on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. Desjardins reduced their price objective on Saputo from C$34.00 to C$31.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Finally, Jefferies Financial Group lowered their target price 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.

Saputo Trading Down 2.1 %

TSE:SAP opened at C$24.58 on Monday. The firm has a market capitalization of C$10.36 billion, a P/E ratio of -65.81, a P/E/G ratio of 0.56 and a beta of 0.32. The business has a 50 day simple moving average of C$24.67 and a 200 day simple moving average of C$26.11. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. Saputo has a 12-month low of C$22.59 and a 12-month high of C$32.15.

Saputo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.76 annualized dividend and a yield of 3.09%. Saputo’s payout ratio is -203.48%.

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.