Saputo (TSE:SAP) Price Target Raised to C$51.00

Saputo (TSE:SAP) had its target price raised by TD Securities from C$49.00 to C$51.00 in a report released on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. BMO Capital Markets upped their price target on Saputo from C$37.00 to C$41.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. Royal Bank Of Canada raised their price target on shares of Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Sunday. Canadian Imperial Bank of Commerce upped their price objective on shares of Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. Desjardins increased their price target on Saputo from C$40.00 to C$45.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, Jefferies Financial Group lifted their price objective on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$44.63.

Saputo Trading Up 1.0%

SAP opened at C$42.05 on Monday. Saputo has a fifty-two week low of C$23.84 and a fifty-two week high of C$44.00. The firm has a market capitalization of C$17.04 billion, a PE ratio of -210.25, a P/E/G ratio of 0.56 and a beta of 0.04. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The company’s 50-day moving average is C$41.09 and its 200 day moving average is C$36.62.

Saputo (TSE:SAP) last released its quarterly earnings results on Thursday, February 5th. The company reported C$0.57 earnings per share (EPS) for the quarter. The business had revenue of C$4.89 billion during the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%. As a group, research analysts predict that Saputo will post 1.7735369 earnings per share for the current fiscal year.

Saputo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, December 12th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, December 2nd. Saputo’s dividend payout ratio (DPR) is -385.00%.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.