Saputo Inc. (TSE:SAP) Given Average Rating of “Buy” by Brokerages

Saputo Inc. (TSE:SAP) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$31.00.

SAP has been the subject of a number of research reports. Desjardins dropped their price objective on shares of Saputo from C$34.00 to C$31.00 and set a “buy” rating for the company in a report on Monday, February 10th. CIBC dropped their price objective on shares of Saputo from C$32.00 to C$29.00 in a report on Monday, February 10th. Royal Bank of Canada dropped their price objective on shares of Saputo from C$38.00 to C$35.00 and set an “outperform” rating for the company in a report on Friday, February 7th. National Bankshares set a C$28.00 target price on shares of Saputo and gave the company an “outperform” rating in a research report on Monday, April 7th. Finally, Scotiabank raised shares of Saputo to a “strong-buy” rating in a research report on Tuesday, April 1st.

Saputo Stock Up 0.7%

Shares of TSE SAP opened at C$26.04 on Tuesday. The company has a 50 day simple moving average of C$25.58 and a 200 day simple moving average of C$25.31. The firm has a market cap of C$10.98 billion, a PE ratio of -69.72, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. Saputo has a 1 year low of C$22.59 and a 1 year high of C$32.15. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67.

Saputo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Tuesday, March 4th. Saputo’s dividend payout ratio is presently -203.48%.

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.