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

Saputo Inc. (TSE:SAPGet Free Report) 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.

View Our Latest Analysis on Saputo

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

(Get Free Report

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.

Further Reading

Analyst Recommendations for Saputo (TSE:SAP)

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