Saputo (TSE:SAP) Reaches New 1-Year Low at $25.52

Saputo Inc. (TSE:SAP) hit a new 52-week low on Tuesday . The company traded as low as C$25.52 and last traded at C$25.53, with a volume of 17638 shares traded. The stock had previously closed at C$25.81.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Scotiabank upped their price objective on Saputo from C$31.50 to C$32.50 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Royal Bank of Canada decreased their price objective on Saputo from C$40.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday, February 2nd. CIBC decreased their price objective on Saputo from C$36.00 to C$35.00 and set an “outperform” rating for the company in a research note on Monday, February 12th. TD Securities decreased their price objective on Saputo from C$40.00 to C$36.00 and set a “buy” rating for the company in a research note on Monday, February 12th. Finally, National Bankshares decreased their price objective on Saputo from C$35.00 to C$33.00 and set an “outperform” rating for the company in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$33.81.

Saputo Stock Down 0.3 %

The company has a 50-day moving average of C$26.89 and a 200-day moving average of C$27.18. The company has a market capitalization of C$10.85 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 0.21 and a beta of 0.32. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 58.27.

Saputo (TSE:SAP) last announced its earnings results on Thursday, February 8th. The company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.40 by C($0.02). Saputo had a net margin of 1.92% and a return on equity of 4.76%. The business had revenue of C$4.27 billion for the quarter, compared to analyst estimates of C$4.38 billion. On average, equities analysts predict that Saputo Inc. will post 1.9167852 earnings per share for the current fiscal year.

Saputo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 2.89%. The ex-dividend date was Monday, March 4th. Saputo’s dividend payout ratio is currently 94.87%.

Insider Activity at Saputo

In other news, Director Maxime Therrien acquired 4,500 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were acquired at an average cost of C$27.68 per share, with a total value of C$124,560.00. In other news, Director Maxime Therrien acquired 4,500 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were acquired at an average cost of C$27.68 per share, with a total value of C$124,560.00. Also, Senior Officer Carl Colizza acquired 5,355 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of C$28.13 per share, for a total transaction of C$150,636.15. Insiders have acquired 15,190 shares of company stock valued at $425,567 in the last ninety days. Corporate insiders own 42.11% of the company’s stock.

About Saputo

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.