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

Saputo Inc. (TSE:SAP) has earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$31.00.

A number of research firms recently issued reports on SAP. Royal Bank of Canada lowered their target price on Saputo from C$38.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. TD Securities decreased their target price on shares of Saputo from C$37.00 to C$35.00 and set a “buy” rating for the company in a research note on Friday, March 28th. CIBC cut their price target on Saputo from C$32.00 to C$29.00 in a report on Monday, February 10th. Desjardins dropped their target price on Saputo from C$34.00 to C$31.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, Scotiabank raised shares of Saputo to a “strong-buy” rating in a report on Tuesday, April 1st.

Saputo Stock Down 4.1 %

Shares of SAP opened at C$25.79 on Friday. The firm has a market capitalization of C$10.87 billion, a price-to-earnings ratio of -69.05, a PEG ratio of 0.56 and a beta of 0.32. The business’s fifty day moving average price is C$25.42 and its two-hundred day moving average price is C$25.49. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. Saputo has a 52 week low of C$22.59 and a 52 week high of C$32.15.

Saputo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Tuesday, March 4th. Saputo’s payout ratio is -203.48%.

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.