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

Saputo Inc. (TSE:SAP) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$34.50.

SAP has been the topic of several analyst reports. BMO Capital Markets lowered shares of Saputo from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. CIBC cut their target price on shares of Saputo from C$37.00 to C$35.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. National Bankshares lowered their price target on Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Desjardins set a C$34.00 price objective on Saputo in a research note on Monday, November 11th. Finally, Royal Bank of Canada reduced their target price on 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.

Insider Buying and Selling at Saputo

In other Saputo news, Senior Officer Leanne Cutts acquired 4,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of C$26.25 per share, for a total transaction of C$105,000.00. Insiders own 40.45% of the company’s stock.

Saputo Trading Up 2.3 %

Shares of Saputo stock opened at C$26.69 on Tuesday. The stock has a market cap of C$11.33 billion, a P/E ratio of 42.37, a P/E/G ratio of 0.56 and a beta of 0.32. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. Saputo has a 12-month low of C$25.28 and a 12-month high of C$32.15. The business’s 50 day moving average is C$27.37 and its 200-day moving average is C$29.01.

Saputo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.76 annualized dividend and a yield of 2.85%. Saputo’s payout ratio is currently 120.63%.

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.