TD Securities Lowers Saputo (TSE:SAP) Price Target to C$35.00

Saputo (TSE:SAP) had its price objective trimmed by TD Securities from C$37.00 to C$35.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on SAP. Desjardins cut their target price on Saputo from C$34.00 to C$31.00 and set a “buy” rating for the company in a research note on Monday, February 10th. CIBC reduced their price objective on Saputo from C$32.00 to C$29.00 in a research note on Monday, February 10th. BMO Capital Markets dropped their target price on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating for the company in a report on Friday, January 10th. Royal Bank of Canada decreased their price target on shares of Saputo from C$38.00 to C$35.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, Jefferies Financial Group cut 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 research report on Monday, December 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$31.00.

Saputo Price Performance

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

Saputo Dividend Announcement

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