Brokerages Set Saputo Inc. (TSE:SAP) Price Target at C$31.29

Saputo Inc. (TSE:SAP) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$31.29.

Several analysts have issued reports on SAP shares. Desjardins dropped their price objective on Saputo from C$34.00 to C$31.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. BMO Capital Markets dropped their price objective on Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. Jefferies Financial Group lowered their target price on Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. CIBC lowered their target price on Saputo from C$32.00 to C$29.00 in a research note on Monday, February 10th. Finally, National Bankshares lowered their target price on Saputo from C$31.00 to C$28.00 in a research note on Wednesday, January 15th.

Saputo Price Performance

TSE:SAP opened at C$24.95 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The stock’s 50 day moving average price is C$24.36 and its two-hundred day moving average price is C$26.53. The firm has a market capitalization of C$10.52 billion, a price-to-earnings ratio of -66.80, a P/E/G ratio of 0.56 and a beta of 0.32. Saputo has a 12-month low of C$22.59 and a 12-month high of C$32.15.

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Tuesday, March 4th. Saputo’s dividend payout ratio is currently -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.