Saputo Inc. (TSE:SAP) Stock Has Consensus Price Target of C$47.18

Shares of Saputo Inc. (TSE:SAP) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$47.18.

A number of equities analysts have issued reports on SAP shares. TD increased their price objective on Saputo from C$51.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, August 10th. National Bank Financial lifted their target price on shares of Saputo from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Jefferies Financial Group downgraded Saputo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. TD Securities raised Saputo to a “strong-buy” rating in a report on Monday, June 22nd. Finally, Ventum Capital upped their price objective on Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, June 8th.

Saputo Price Performance

Shares of TSE:SAP opened at C$38.69 on Friday. The stock’s 50-day moving average price is C$40.44 and its 200-day moving average price is C$41.14. Saputo has a 12-month low of C$33.01 and a 12-month high of C$45.09. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 41.86. The stock has a market capitalization of C$15.36 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 0.56 and a beta of 0.21.

Saputo (TSE:SAP) last posted its earnings results on Thursday, August 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$4.42 billion for the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. On average, equities analysts anticipate that Saputo will post 1.7735369 earnings per share for the current year.

Saputo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were issued a dividend of $0.21 per share. This is an increase from Saputo’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Saputo’s payout ratio is presently 64.52%.

Saputo Company Profile

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.