Saputo Inc. (TSE:SAP) Receives Consensus Rating of “Moderate Buy” from Analysts

Saputo Inc. (TSE:SAP) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$34.75.

Several research analysts have weighed in on SAP shares. BMO Capital Markets boosted their price target on Saputo from C$27.00 to C$34.00 in a research report on Monday, August 11th. National Bankshares boosted their price target on Saputo from C$29.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. TD Securities boosted their price target on Saputo from C$35.00 to C$38.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Royal Bank Of Canada boosted their price target 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 boosted their target price on Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th.

Saputo Stock Up 0.0%

TSE:SAP opened at C$34.38 on Friday. The firm has a market capitalization of C$14.17 billion, a price-to-earnings ratio of -101.12, a price-to-earnings-growth ratio of 0.56 and a beta of 0.07. Saputo has a twelve month low of C$22.59 and a twelve month high of C$34.75. The stock’s 50 day moving average price is C$33.74 and its two-hundred day moving average price is C$29.36. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68.

Saputo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, September 12th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a boost from Saputo’s previous quarterly dividend of $0.19. Saputo’s payout ratio is presently -223.53%.

Insider Buying and Selling at Saputo

In other Saputo news, insider Leanne Cutts bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average cost of C$32.93 per share, with a total value of C$131,720.00. Following the acquisition, the insider owned 23,500 shares of the company’s stock, valued at C$773,855. The trade was a 20.51% increase in their ownership of the stock. Insiders own 40.45% of the company’s stock.

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.