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

Shares of Saputo Inc. (TSE:SAPGet Rating) have earned a consensus recommendation of “Buy” from the nine analysts that are covering the stock, reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is C$37.25.

Several brokerages recently issued reports on SAP. CIBC cut their price objective on shares of Saputo from C$38.00 to C$36.00 and set an “outperform” rating on the stock in a report on Friday, February 11th. National Bankshares raised Saputo from a “sector perform” rating to an “outperform” rating and reduced their price target for the stock from C$35.00 to C$33.00 in a research report on Friday, February 11th. Scotiabank raised their price objective on Saputo from C$36.00 to C$38.00 in a research report on Friday, February 11th. Royal Bank of Canada reduced their target price on shares of Saputo from C$40.00 to C$37.00 and set an “outperform” rating for the company in a report on Friday, January 28th. Finally, National Bank Financial upgraded shares of Saputo from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Friday, February 11th.

In related news, Director Terry Brockman sold 93,936 shares of the stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of C$30.21, for a total value of C$2,837,806.56. Following the transaction, the director now owns 103,810 shares in the company, valued at approximately C$3,136,100.10. Also, Senior Officer Carl Colizza purchased 8,300 shares of Saputo stock in a transaction on Tuesday, February 15th. The shares were acquired at an average cost of C$30.33 per share, with a total value of C$251,739.00. Following the completion of the transaction, the insider now directly owns 42,100 shares in the company, valued at approximately C$1,276,893.

Shares of Saputo stock opened at C$30.48 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.60 and a debt-to-equity ratio of 64.40. The stock’s fifty day moving average price is C$30.35 and its 200-day moving average price is C$29.91. The firm has a market cap of C$12.70 billion and a P/E ratio of 37.17. Saputo has a 12 month low of C$26.21 and a 12 month high of C$42.42.

Saputo (TSE:SAPGet Rating) last issued its earnings results on Thursday, February 10th. The company reported C$0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.33. The business had revenue of C$3.90 billion for the quarter, compared to the consensus estimate of C$3.79 billion. Analysts forecast that Saputo will post 1.2778961 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Friday, March 18th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 2.36%. Saputo’s dividend payout ratio (DPR) is currently 86.59%.

Saputo Company Profile (Get Rating)

Saputo Inc, through its subsidiaries, 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.

Further Reading

Analyst Recommendations for Saputo (TSE:SAP)

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