Saputo Inc. (TSE:SAP) Receives C$33.81 Consensus Price Target from Analysts

Shares of Saputo Inc. (TSE:SAP) have received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$33.81.

Several analysts have issued reports on SAP shares. CIBC dropped their target price on Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. National Bankshares dropped their price objective on Saputo from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Thursday, January 11th. TD Securities reduced their target price on shares of Saputo from C$40.00 to C$36.00 and set a “buy” rating for the company in a report on Monday, February 12th. Scotiabank raised their price target on shares of Saputo from C$31.50 to C$32.50 and gave the company an “outperform” rating in a report on Monday, February 12th. Finally, Royal Bank of Canada reduced their price objective on shares of Saputo from C$40.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday, February 2nd.

Saputo Stock Performance

SAP stock opened at C$25.68 on Wednesday. The company has a debt-to-equity ratio of 58.27, a current ratio of 1.55 and a quick ratio of 0.67. Saputo has a 1-year low of C$25.28 and a 1-year high of C$36.70. The business has a 50-day moving average price of C$26.81 and a 200 day moving average price of C$27.15. The company has a market capitalization of C$10.89 billion, a P/E ratio of 32.92, a PEG ratio of 0.21 and a beta of 0.32.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.38 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.02). Saputo had a return on equity of 4.76% and a net margin of 1.92%. The business had revenue of C$4.27 billion during the quarter, compared to analysts’ expectations of C$4.38 billion. As a group, equities research analysts forecast that Saputo will post 1.9167852 EPS for the current fiscal year.

Saputo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Monday, March 4th. Saputo’s payout ratio is 94.87%.

Insider Buying and Selling at Saputo

In other news, Director Maxime Therrien sold 31,290 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of C$28.24, for a total value of C$883,629.60. In other news, Director Maxime Therrien sold 31,290 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of C$28.24, for a total value of C$883,629.60. Also, Senior Officer Gaétane Wagner purchased 3,535 shares of Saputo stock in a transaction that occurred on Thursday, February 15th. The shares were bought at an average price of C$28.27 per share, with a total value of C$99,916.78. In the last 90 days, insiders have bought 15,190 shares of company stock worth $425,567. 42.11% of the stock is currently owned by insiders.

About Saputo

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.