Brokerages Set Saputo Inc. (TSE:SAP) PT at C$35.50

Saputo Inc. (TSE:SAP) has been given an average rating of “Buy” by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is C$35.50.

Several analysts have issued reports on the stock. TD Securities increased their target price on shares of Saputo from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. CIBC lowered their target price on shares of Saputo from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Royal Bank of Canada increased their target price on shares of Saputo from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 4th. BMO Capital Markets raised their price objective on shares of Saputo from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Finally, National Bankshares lowered their price objective on shares of 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.

Insiders Place Their Bets

In other news, Senior Officer Carl Colizza purchased 6,800 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of C$29.43 per share, with a total value of C$200,124.00. In related news, Senior Officer Martin Gagnon bought 2,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of C$29.73 per share, with a total value of C$59,450.00. Also, Senior Officer Carl Colizza bought 6,800 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of C$29.43 per share, for a total transaction of C$200,124.00. Insiders have bought a total of 15,111 shares of company stock valued at $450,474 in the last quarter. Insiders own 42.57% of the company’s stock.

Saputo Stock Up 0.1 %

Saputo stock opened at C$30.08 on Friday. Saputo has a twelve month low of C$25.28 and a twelve month high of C$32.15. The firm has a 50 day moving average price of C$30.76 and a 200-day moving average price of C$28.41. The company has a market capitalization of C$12.76 billion, a P/E ratio of 47.75, a P/E/G ratio of 0.21 and a beta of 0.33. 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 (TSE:SAP) last released its quarterly earnings data on Thursday, June 6th. The company reported C$0.37 EPS for the quarter, hitting the consensus estimate of C$0.37. The company had revenue of C$4.55 billion during the quarter, compared to the consensus estimate of C$4.25 billion. Saputo had a net margin of 1.50% and a return on equity of 3.72%. As a group, equities analysts predict that Saputo will post 1.8112058 EPS for the current year.

Saputo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 10th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Tuesday, September 10th. This is a boost from Saputo’s previous quarterly dividend of $0.19. Saputo’s dividend payout ratio (DPR) is presently 120.63%.

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.