Saputo (TSE:SAP) Given New C$35.00 Price Target at BMO Capital Markets

Saputo (TSE:SAPFree Report) had its price target raised by BMO Capital Markets from C$34.00 to C$35.00 in a report released on Monday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

SAP has been the topic of several other research reports. CIBC boosted their price target on Saputo from C$35.00 to C$37.00 and gave the company an outperform rating in a research note on Monday. TD Securities upped their price target on shares of Saputo from C$36.00 to C$37.00 and gave the stock a buy rating in a research report on Monday. Scotiabank raised their price target on shares of 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 lifted their target price on shares of Saputo from C$36.00 to C$39.00 and gave the stock an outperform rating in a research note on Tuesday, June 4th. Finally, National Bankshares increased their target price on shares of Saputo from C$33.00 to C$35.00 and gave the stock an outperform rating in a research note on Monday. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Saputo has an average rating of Moderate Buy and an average target price of C$35.19.

Check Out Our Latest Report on SAP

Saputo Stock Performance

Shares of Saputo stock opened at C$29.51 on Monday. The company has a debt-to-equity ratio of 58.27, a quick ratio of 0.67 and a current ratio of 1.55. The company has a market capitalization of C$12.52 billion, a PE ratio of 37.83, a P/E/G ratio of 0.21 and a beta of 0.32. Saputo has a one year low of C$25.28 and a one year high of C$31.79. The company has a 50-day simple moving average of C$27.03 and a two-hundred day simple moving average of C$27.06.

Saputo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, June 18th will be issued a $0.185 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.51%. Saputo’s payout ratio is 94.87%.

Saputo Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Saputo (TSE:SAP)

Receive News & Ratings for Saputo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo and related companies with MarketBeat.com's FREE daily email newsletter.