Saputo (TSE:SAP) Reaches New 52-Week Low – Time to Sell?

Saputo Inc. (TSE:SAP) hit a new 52-week low on Wednesday . The stock traded as low as C$24.35 and last traded at C$24.45, with a volume of 136647 shares. The stock had previously closed at C$24.63.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group decreased their price target on Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Royal Bank of Canada lowered their target price on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. Desjardins set a C$34.00 price objective on shares of Saputo in a report on Monday, November 11th. BMO Capital Markets lowered shares of Saputo from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. Finally, TD Securities lowered their price target on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Saputo presently has an average rating of “Moderate Buy” and an average target price of C$34.19.

Saputo Price Performance

The firm has a 50-day simple moving average of C$26.01 and a 200-day simple moving average of C$28.57. The firm has a market cap of C$10.32 billion, a P/E ratio of 38.60, a PEG ratio of 0.56 and a beta of 0.32. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17.

Saputo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.76 annualized dividend and a yield of 3.13%. Saputo’s dividend payout ratio (DPR) is presently 120.63%.

Insiders Place Their Bets

In other news, Senior Officer Leanne Cutts acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of C$26.25 per share, with a total value of C$105,000.00. 40.45% of the stock is currently owned by corporate 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.