Saputo Inc. (TSE:SAP) Receives Consensus Rating of “Moderate Buy” from Analysts

Saputo Inc. (TSE:SAP) has received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$46.73.

Several research firms recently commented on SAP. National Bank Financial cut their target price on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. TD Securities upgraded shares of Saputo to a “strong-buy” rating in a research report on Monday, June 22nd. TD dropped their price objective on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Ventum Financial set a C$47.00 price objective on shares of Saputo and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Ventum Capital upped their price objective on shares of Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, June 8th.

Insider Transactions at Saputo

In other news, Director Steven Michael Douglas sold 19,777 shares of Saputo stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of C$41.90, for a total transaction of C$828,656.30. Following the sale, the director owned 12,917 shares of the company’s stock, valued at approximately C$541,222.30. This trade represents a 60.49% decrease in their position. Also, Director Maxime Therrien sold 19,601 shares of Saputo stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of C$42.06, for a total value of C$824,418.06. Following the sale, the director directly owned 64,213 shares in the company, valued at C$2,700,798.78. The trade was a 23.39% decrease in their position. In the last quarter, insiders sold 155,766 shares of company stock worth $6,525,571. Insiders own 40.45% of the company’s stock.

Saputo Stock Performance

Shares of TSE SAP opened at C$42.59 on Friday. Saputo has a 12 month low of C$27.88 and a 12 month high of C$45.09. The company has a market cap of C$17.06 billion, a P/E ratio of 26.13, a P/E/G ratio of 0.56 and a beta of 0.14. The business’s 50 day moving average is C$41.47 and its two-hundred day moving average is C$41.69. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 48.08.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, June 4th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$3.31 billion during the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%. On average, equities analysts expect that Saputo will post 1.7735369 EPS for the current year.

Saputo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, June 16th. Saputo’s payout ratio is currently 48.47%.

Saputo Company Profile

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.