Saputo Inc. (TSE:SAP) Receives C$35.93 Consensus PT from Analysts

Shares of Saputo Inc. (TSE:SAP) have been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$35.93.

A number of research analysts have recently commented on SAP shares. CIBC raised their price target on Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Royal Bank of Canada raised their price target on Saputo from C$36.00 to C$39.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. BMO Capital Markets raised their price target on Saputo from C$34.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Desjardins lifted their target price on Saputo from C$33.00 to C$35.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, TD Securities lifted their target price on Saputo from C$36.00 to C$37.00 and gave the stock a “buy” rating in a report on Monday, June 10th.

Saputo Price Performance

Shares of TSE SAP opened at C$31.68 on Wednesday. Saputo has a 1-year low of C$25.28 and a 1-year high of C$32.15. The company has a debt-to-equity ratio of 58.27, a current ratio of 1.55 and a quick ratio of 0.67. The business’s fifty day moving average price is C$29.84 and its two-hundred day moving average price is C$28.07. The firm has a market capitalization of C$13.44 billion, a PE ratio of 40.62, a P/E/G ratio of 0.21 and a beta of 0.32.

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

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Tuesday, June 18th were paid a $0.185 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.74 dividend on an annualized basis and a yield of 2.34%. Saputo’s dividend payout ratio is currently 94.87%.

Insider Buying and Selling

In related news, Senior Officer Sindy Saragoca purchased 1,361 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were purchased at an average price of C$29.39 per share, with a total value of C$39,999.79. In other Saputo news, Senior Officer Richard Wallace acquired 4,950 shares of the firm’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 acquired 1,361 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were acquired at an average price of C$29.39 per share, with a total value of C$39,999.79. 42.11% of the stock is currently owned by company insiders.

Saputo Company Profile

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.