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

Shares of Saputo Inc. (TSE:SAP) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$34.50.

A number of equities analysts have commented on SAP shares. National Bankshares lowered their price objective on Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. TD Securities lowered their price objective on Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. CIBC lowered their price objective on Saputo from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Royal Bank of Canada lowered their price objective on Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Finally, BMO Capital Markets lowered Saputo from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$35.00 to C$30.00 in a research note on Tuesday, October 15th.

Saputo Price Performance

TSE:SAP opened at C$26.35 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. The stock’s 50 day moving average price is C$27.67 and its two-hundred day moving average price is C$29.04. The firm has a market capitalization of C$11.18 billion, a price-to-earnings ratio of 41.83, a P/E/G ratio of 0.56 and a beta of 0.32. Saputo has a 12-month low of C$25.28 and a 12-month high of C$32.15.

Saputo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, December 10th. Saputo’s dividend payout ratio (DPR) is presently 120.63%.

Saputo Company Profile

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.