Saputo Inc. (TSE:SAP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Saputo Inc. (TSE:SAP) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$41.75.

A number of equities research analysts have recently issued reports on SAP shares. CIBC increased their price target on shares of Saputo from C$36.00 to C$40.00 in a report on Monday, November 10th. Jefferies Financial Group increased their target price on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. TD Securities raised their price target 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. National Bankshares upped their price target on shares of Saputo from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Scotiabank increased their price objective on Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th.

Saputo Stock Up 2.1%

SAP stock opened at C$41.99 on Friday. The stock has a market cap of C$17.21 billion, a P/E ratio of -209.95, a P/E/G ratio of 0.56 and a beta of 0.18. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. The stock’s fifty day simple moving average is C$40.32 and its two-hundred day simple moving average is C$35.37. Saputo has a 1-year low of C$23.10 and a 1-year high of C$42.30.

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

Saputo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders 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 is presently -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.