Saputo Inc. (TSE:SAP) Receives Average Rating of “Moderate Buy” from Analysts

Saputo Inc. (TSE:SAP) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$46.25.

A number of brokerages have issued reports on SAP. BMO Capital Markets lifted their price target on Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a report on Monday, February 9th. Jefferies Financial Group raised their target price on Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Desjardins upped their price target on Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, February 9th. TD Securities increased their price target on shares of Saputo from C$51.00 to C$52.00 and gave the company a “buy” rating in a research note on Sunday. Finally, National Bank Financial raised their price objective on shares of Saputo from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Monday, February 9th.

Saputo Trading Down 0.1%

Shares of TSE:SAP opened at C$42.22 on Thursday. Saputo has a 52 week low of C$23.94 and a 52 week high of C$44.00. The company’s 50 day moving average is C$41.43 and its two-hundred day moving average is C$37.09. The company has a market cap of C$17.11 billion, a PE ratio of 27.06, a P/E/G ratio of 0.56 and a beta of 0.04. 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 quarterly earnings data on Thursday, February 5th. The company reported C$0.57 earnings per share (EPS) for the quarter. The business had revenue of C$4.89 billion during the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. Equities analysts predict that Saputo will post 1.7735369 earnings per share for the current fiscal year.

Saputo Announces Dividend

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