Analysts Set Saputo Inc. (TSE:SAP) Price Target at C$34.64

Shares of Saputo Inc. (TSE:SAP) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$34.64.

SAP has been the subject of several research reports. Royal Bank of Canada decreased their price objective on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. CIBC lowered their target price on Saputo from C$37.00 to C$35.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. BMO Capital Markets cut Saputo from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$35.00 to C$30.00 in a research note on Tuesday, October 15th. Finally, National Bankshares lowered their price objective on Saputo from C$36.00 to C$35.00 and set an “outperform” rating for the company in a research report on Monday, August 12th.

Saputo Trading Up 1.1 %

SAP opened at C$26.86 on Friday. Saputo has a one year low of C$25.28 and a one year high of C$32.15. The company has a debt-to-equity ratio of 53.17, a current ratio of 1.59 and a quick ratio of 0.67. The business has a 50 day simple moving average of C$28.84 and a two-hundred day simple moving average of C$29.04. The firm has a market capitalization of C$11.40 billion, a price-to-earnings ratio of 42.63, a PEG ratio of 0.56 and a beta of 0.32.

Saputo (TSE:SAP) last announced its earnings results on Thursday, August 8th. The company reported C$0.39 EPS for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.02. Saputo had a return on equity of 3.72% and a net margin of 1.50%. The company had revenue of C$4.61 billion during the quarter, compared to the consensus estimate of C$4.44 billion. Analysts predict that Saputo will post 1.7735369 EPS for the current year.

Saputo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 20th were given a $0.19 dividend. This is a boost from Saputo’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Tuesday, September 10th. Saputo’s payout ratio is currently 120.63%.

Insider Transactions at Saputo

In related news, Senior Officer Carl Colizza purchased 6,800 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of C$29.43 per share, with a total value of C$200,124.00. In other news, Senior Officer Martin Gagnon acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was bought at an average cost of C$29.73 per share, for a total transaction of C$59,450.00. Also, Senior Officer Carl Colizza bought 6,800 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of C$29.43 per share, with a total value of C$200,124.00. Insiders own 40.45% of the company’s stock.

Saputo Company Profile

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.