Saputo (TSE:SAP) Given New C$50.00 Price Target at Royal Bank Of Canada

Saputo (TSE:SAP) had its price objective increased by Royal Bank Of Canada from C$47.00 to C$50.00 in a report published on Sunday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Desjardins raised their target price on shares of Saputo from C$40.00 to C$45.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. BMO Capital Markets boosted their target price on shares of Saputo from C$37.00 to C$41.00 and gave the stock a “market perform” rating in a research report on Friday, January 23rd. National Bankshares raised their price target on shares of Saputo from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce boosted their price target on Saputo from C$40.00 to C$44.00 in a report on Friday, January 30th. Finally, 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. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$43.88.

Saputo Stock Up 0.5%

Shares of SAP stock opened at C$42.74 on Friday. The company’s fifty day simple moving average is C$40.93 and its two-hundred day simple moving average is C$36.39. Saputo has a 52 week low of C$23.15 and a 52 week high of C$44.00. The stock has a market cap of C$17.52 billion, a P/E ratio of -213.70, a PEG ratio of 0.56 and a beta of 0.04. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$0.57 EPS for the quarter. The firm had revenue of C$4.89 billion during the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. Analysts predict that Saputo will post 1.7735369 EPS for the current fiscal year.

Saputo Announces Dividend

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