Royal Bank Of Canada Issues Positive Forecast for Saputo (TSE:SAP) Stock Price

Saputo (TSE:SAP) had its price target lifted by Royal Bank Of Canada from C$42.00 to C$47.00 in a research report sent to investors on Monday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other research firms have also weighed in on SAP. National Bankshares increased their price objective on Saputo from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Desjardins boosted their price objective 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. TD Securities upped their price objective on shares of Saputo from C$44.00 to C$49.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Scotiabank raised their target price 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 boosted their price target 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$43.50.

Saputo Stock Up 1.2%

Shares of TSE:SAP opened at C$41.59 on Monday. The stock’s 50-day moving average price is C$40.67 and its 200-day moving average price is C$36.00. Saputo has a 12-month low of C$23.10 and a 12-month high of C$42.30. The stock has a market capitalization of C$17.05 billion, a P/E ratio of -207.95, a price-to-earnings-growth 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.

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

Saputo Announces Dividend

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