Saputo (TSE:SAP) Given New C$27.00 Price Target at BMO Capital Markets

Saputo (TSE:SAP) had its target price cut by BMO Capital Markets from C$30.00 to C$27.00 in a report released on Friday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

Several other research firms have also issued reports on SAP. TD Securities reduced their target price on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Jefferies Financial Group reduced their target price on Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Desjardins set a C$34.00 target price on Saputo in a report 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 report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.81.

Saputo Stock Performance

Shares of SAP opened at C$23.31 on Friday. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59. The stock has a 50 day moving average price of C$25.84 and a two-hundred day moving average price of C$28.47. The firm has a market capitalization of C$9.89 billion, a P/E ratio of 37.00, a P/E/G ratio of 0.56 and a beta of 0.32. Saputo has a 52 week low of C$22.96 and a 52 week high of C$32.15.

Saputo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.76 annualized dividend and a yield of 3.26%. Saputo’s payout ratio is 120.63%.

Insider Activity at Saputo

In related news, Senior Officer Leanne Cutts bought 4,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of C$26.25 per share, for a total transaction of C$105,000.00. 40.45% of the stock is 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.