Shares of Saputo Inc. (TSE:SAP - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, 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 1 year price target among brokers that have issued ratings on the stock in the last year is C$31.29.
Several analysts have issued reports on SAP shares. Jefferies Financial Group dropped their target price on Saputo from C$36.00 to C$32.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. Desjardins lowered their price objective on Saputo from C$34.00 to C$31.00 and set a "buy" rating for the company in a research report on Monday, February 10th. BMO Capital Markets lowered their price objective on Saputo from C$30.00 to C$27.00 and set a "market perform" rating for the company in a research report on Friday, January 10th. National Bankshares lowered their price objective on Saputo from C$31.00 to C$28.00 in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada lowered their price objective on Saputo from C$38.00 to C$35.00 and set an "outperform" rating for the company in a research report on Friday, February 7th.
Get Our Latest Stock Analysis on Saputo
Shares of TSE SAP traded down C$0.06 during midday trading on Thursday, hitting C$25.38. The company's stock had a trading volume of 708,503 shares, compared to its average volume of 834,894. 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 business's 50 day moving average is C$24.34 and its two-hundred day moving average is C$26.68. Saputo has a 12-month low of C$22.59 and a 12-month high of C$32.15. The firm has a market cap of C$10.70 billion, a P/E ratio of -67.95, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be given a $0.19 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.76 annualized dividend and a yield of 2.99%. Saputo's payout ratio is -203.48%.
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.
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