Saputo (TSE:SAP) Given New C$41.00 Price Target at BMO Capital Markets

Saputo (TSE:SAP) had its target price boosted by BMO Capital Markets from C$37.00 to C$41.00 in a research report released on Friday morning,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

Other research analysts have also issued research reports about the stock. 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. Desjardins increased 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. TD Securities raised their target price on Saputo from C$44.00 to C$49.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Scotiabank upped their price target on Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group increased their price objective on Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$41.75.

Saputo Stock Performance

Shares of SAP stock opened at C$41.99 on Friday. Saputo has a fifty-two week low of C$23.10 and a fifty-two week high of C$42.30. The stock’s 50-day moving average is C$40.32 and its two-hundred day moving average is C$35.32. 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 firm has a market cap of C$17.21 billion, a P/E ratio of -209.95, a PEG ratio of 0.56 and a beta of 0.18.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.45 EPS for the quarter. The business had revenue of C$4.72 billion during 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 earnings per share for the current fiscal year.

Saputo Dividend Announcement

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