Saputo (TSE:SAP) Price Target Raised to C$45.00 at National Bankshares

Saputo (TSE:SAP) had its price objective hoisted by National Bankshares from C$38.00 to C$45.00 in a report issued on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also weighed in on SAP. BMO Capital Markets lifted their price target on Saputo from C$34.00 to C$37.00 in a research report on Monday, November 10th. Desjardins raised their price target on shares of Saputo from C$40.00 to C$45.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Scotiabank lifted their target price on Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Jefferies Financial Group boosted their price target on Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, CIBC upped their price target on Saputo from C$36.00 to C$40.00 in a report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$41.25.

Saputo Stock Down 1.4%

Shares of TSE SAP opened at C$41.14 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. Saputo has a 12 month low of C$23.10 and a 12 month high of C$42.30. The firm has a market capitalization of C$16.87 billion, a PE ratio of -205.70, a price-to-earnings-growth ratio of 0.56 and a beta of 0.18. The firm has a fifty day simple moving average of C$40.24 and a two-hundred day simple moving average of C$35.21.

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

Saputo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, December 12th were issued 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 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.