Saputo (TSE:SAP) Price Target Raised to C$52.00 at TD Securities

Saputo (TSE:SAP) had its price target raised by TD Securities from C$51.00 to C$52.00 in a report released on Sunday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

SAP has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce upped their target price on shares of Saputo from C$40.00 to C$44.00 in a research note on Friday, January 30th. Jefferies Financial Group lifted 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. Desjardins increased their target price on Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Scotiabank raised their target price on Saputo from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets boosted their price target on Saputo from C$41.00 to C$42.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$46.25.

Saputo Stock Down 2.8%

Shares of SAP stock opened at C$42.38 on Friday. Saputo has a one year low of C$23.94 and a one year high of C$44.00. 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 stock has a fifty day moving average price of C$41.25 and a 200 day moving average price of C$36.87. The stock has a market cap of C$17.17 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 0.56 and a beta of 0.04.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$0.57 earnings per share (EPS) 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$4.89 billion for the quarter. Analysts predict that Saputo will post 1.7735369 earnings per share for the current year.

Saputo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, December 12th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Saputo’s dividend payout ratio is 50.00%.

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.