Saputo (TSE:SAP) Hits New 52-Week High Following Analyst Upgrade

Saputo Inc. (TSE:SAP) reached a new 52-week high during mid-day trading on Friday after National Bankshares raised their price target on the stock from C$38.00 to C$45.00. National Bankshares currently has an outperform rating on the stock. Saputo traded as high as C$42.30 and last traded at C$41.14, with a volume of 476809 shares trading hands. The stock had previously closed at C$41.74.

A number of other research firms have also recently weighed in on SAP. TD Securities lifted their price objective on shares of Saputo from C$44.00 to C$49.00 and gave the company a “buy” rating in a report on Thursday, December 4th. BMO Capital Markets lifted their price target on Saputo from C$34.00 to C$37.00 in a research note on Monday, November 10th. Jefferies Financial Group increased their price target on Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Scotiabank raised their price objective on Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Finally, CIBC boosted their price objective on Saputo from C$36.00 to C$40.00 in a research report on Monday, November 10th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$41.25.

Saputo Stock Down 1.4%

The stock has a market capitalization of C$16.87 billion, a price-to-earnings ratio of -205.70, a price-to-earnings-growth ratio of 0.56 and a beta of 0.18. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The business’s 50-day moving average is C$40.24 and its two-hundred day moving average is C$35.21.

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

Saputo Announces Dividend

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

Saputo Company Profile

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.