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

Shares of Saputo Inc. (TSE:SAP) have received a consensus rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$35.79.

A number of analysts recently issued reports on SAP shares. CIBC lifted their target price on Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. TD Securities boosted their price target on Saputo from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Desjardins upped their price objective on Saputo from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. National Bankshares raised their target price on shares of Saputo from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Finally, Royal Bank of Canada boosted their target price on shares of Saputo from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a report on Tuesday, June 4th.

Insider Buying and Selling

In related news, Senior Officer Richard Wallace acquired 4,950 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were bought at an average cost of C$30.48 per share, with a total value of C$150,899.76. In related news, Senior Officer Richard Wallace acquired 4,950 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was purchased at an average cost of C$30.48 per share, for a total transaction of C$150,899.76. Also, Senior Officer Sindy Saragoca bought 1,361 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was purchased at an average cost of C$29.39 per share, for a total transaction of C$39,999.79. 42.11% of the stock is owned by insiders.

Saputo Stock Performance

Shares of SAP stock opened at C$30.98 on Friday. The firm has a market cap of C$13.15 billion, a PE ratio of 40.40, a P/E/G ratio of 0.21 and a beta of 0.32. Saputo has a 12 month low of C$25.28 and a 12 month high of C$31.68. The company’s fifty day simple moving average is C$28.25 and its 200-day simple moving average is C$27.46. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 58.27.

Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, June 6th. The company reported C$0.37 EPS for the quarter, hitting the consensus estimate of C$0.37. Saputo had a net margin of 1.92% and a return on equity of 4.76%. The firm had revenue of C$4.55 billion for the quarter, compared to analysts’ expectations of C$4.25 billion. Equities research analysts expect that Saputo will post 1.915804 EPS for the current fiscal year.

Saputo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Tuesday, June 18th were paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.74 annualized dividend and a dividend yield of 2.39%. Saputo’s dividend payout ratio is currently 94.87%.

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.