Saputo (TSE:SAP) Price Target Raised to C$45.00

Saputo (TSE:SAP) had its price objective upped by National Bankshares from C$38.00 to C$45.00 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

SAP has been the topic of a number of other reports. BMO Capital Markets raised their price objective on shares of Saputo from C$34.00 to C$37.00 in a research note on Monday, November 10th. Desjardins raised their price target 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. Scotiabank lifted their price target on Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. CIBC increased their price objective on Saputo from C$36.00 to C$40.00 in a research note on Monday, November 10th. Finally, Jefferies Financial Group raised their target price 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$41.75.

Saputo Trading Up 2.1%

Shares of Saputo stock opened at C$41.99 on Thursday. The stock has a market capitalization of C$17.21 billion, a PE ratio of -209.95, a price-to-earnings-growth ratio of 0.56 and a beta of 0.18. Saputo has a 52 week low of C$23.10 and a 52 week high of C$42.30. The stock has a 50 day moving average price of C$40.32 and a two-hundred day moving average price of C$35.37. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53.

Saputo (TSE:SAP) last issued its earnings results on Thursday, November 6th. The company reported C$0.45 earnings per share (EPS) 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 for the quarter. As a group, equities analysts anticipate that Saputo will post 1.7735369 earnings per share for the current fiscal 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 issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, December 2nd. Saputo’s dividend payout ratio (DPR) is -385.00%.

About Saputo

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.