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

Shares of Saputo Inc. (TSE:SAP) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$40.38.

SAP has been the topic of several recent analyst reports. National Bankshares lifted their price target on shares of Saputo from C$36.00 to C$38.00 in a report on Monday, November 10th. Jefferies Financial Group lifted their target price on shares of Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. TD Securities boosted their price target on shares of Saputo from C$44.00 to C$49.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. CIBC increased their price target on shares of Saputo from C$36.00 to C$40.00 in a research note on Monday, November 10th. Finally, Desjardins lifted their price objective on Saputo from C$40.00 to C$45.00 and gave the company a “buy” rating in a research report on Friday, December 19th.

Saputo Trading Up 0.1%

SAP opened at C$41.14 on Wednesday. Saputo has a one year low of C$22.59 and a one year high of C$41.93. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The business has a 50 day simple moving average of C$38.16 and a two-hundred day simple moving average of C$33.67. The firm has a market capitalization of C$16.87 billion, a price-to-earnings ratio of -205.70, a PEG ratio of 0.56 and a beta of 0.14.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.45 earnings per share for the quarter. The firm had revenue of C$4.72 billion for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%. Analysts predict that Saputo will post 1.7735369 EPS for the current year.

Saputo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, December 12th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, December 2nd. Saputo’s dividend payout ratio (DPR) is presently -385.00%.

About Saputo

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.