Saputo Inc. (TSE:SAP) Receives C$43.38 Consensus Price Target from Analysts

Shares of Saputo Inc. (TSE:SAP) have been given an average rating of “Buy” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$43.38.

Several equities analysts recently weighed in on the company. BMO Capital Markets lifted their target price on Saputo from C$41.00 to C$42.00 and gave the company a “na” rating in a research report on Thursday, June 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a C$46.00 price objective on shares of Saputo in a research report on Friday, June 4th. Scotiabank raised their target price on shares of Saputo from C$44.00 to C$45.00 in a research note on Friday, June 4th. CIBC lifted their price target on shares of Saputo from C$43.00 to C$45.00 and gave the company an “outperform” rating in a report on Friday, June 4th. Finally, Desjardins reduced their price objective on shares of Saputo from C$44.00 to C$43.00 and set a “na” rating for the company in a research note on Friday, July 9th.

Shares of SAP stock traded down C$0.37 on Thursday, reaching C$35.88. The stock had a trading volume of 164,380 shares, compared to its average volume of 437,028. The stock’s 50 day simple moving average is C$37.88. The firm has a market cap of C$14.81 billion and a PE ratio of 23.66. Saputo has a 1 year low of C$31.85 and a 1 year high of C$42.42. The company has a debt-to-equity ratio of 63.85, a quick ratio of 0.73 and a current ratio of 1.84.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 25th. Investors of record on Friday, June 25th were issued a $0.175 dividend. The ex-dividend date of this dividend was Tuesday, June 15th. This represents a $0.70 dividend on an annualized basis and a yield of 1.95%. Saputo’s dividend payout ratio is presently 45.72%.

About Saputo

Saputo Inc, through its subsidiaries, 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.

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Analyst Recommendations for Saputo (TSE:SAP)

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