Saputo Inc. (TSE:SAP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Saputo Inc. (TSE:SAP) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$46.25.

SAP has been the topic of several recent analyst reports. Royal Bank Of Canada raised their price target on shares of Saputo from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Sunday, February 8th. Scotiabank upped their target price on shares of Saputo from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. BMO Capital Markets raised their target price on shares of Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research report on Monday, February 9th. Desjardins boosted their price target on Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, National Bank Financial increased their price objective on Saputo from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th.

Saputo Trading Up 1.7%

Shares of TSE SAP opened at C$42.72 on Thursday. Saputo has a fifty-two week low of C$23.94 and a fifty-two week high of C$44.00. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. The company has a market cap of C$17.31 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 0.56 and a beta of 0.04. The business’s 50 day moving average price is C$41.52 and its 200-day moving average price is C$37.43.

Saputo (TSE:SAP) last announced its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 EPS for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%.The company had revenue of C$4.89 billion for the quarter. On average, sell-side analysts expect that Saputo will post 1.7735369 earnings per share for the current year.

Saputo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, December 12th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Saputo’s dividend payout ratio is presently 50.00%.

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.