Saputo (TSE:SAP – Free Report) had its price target lifted by Desjardins from C$31.00 to C$36.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have a buy rating on the stock. Desjardins also issued estimates for Saputo’s Q2 2026 earnings at $0.46 EPS, Q3 2026 earnings at $0.53 EPS, Q4 2026 earnings at $0.47 EPS, FY2026 earnings at $1.90 EPS and FY2027 earnings at $2.18 EPS.
SAP has been the topic of a number of other reports. TD Securities boosted their target price on Saputo from C$35.00 to C$38.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets boosted their target price on Saputo from C$27.00 to C$34.00 in a research report on Monday. National Bankshares boosted their target price on Saputo from C$29.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Monday. Royal Bank Of Canada boosted their target price on Saputo from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Scotiabank dropped their price target on Saputo from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Monday, June 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Saputo currently has an average rating of “Moderate Buy” and an average price target of C$34.63.
Get Our Latest Analysis on Saputo
Saputo Stock Up 1.5%
Saputo Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 26th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 17th. Saputo’s payout ratio is presently -203.48%.
About Saputo
Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight.
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