Saputo Inc. (TSE:SAP) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Saputo has a “Moderate Buy” consensus rating from 10 analysts: six buys, three holds, and one strong buy. The average 12-month price target is C$47.18.
• The company reported quarterly revenue of C$4.42 billion and EPS of C$0.01, while shares recently opened at C$38.11—below both their 50-day and 200-day moving averages.
• Saputo increased its quarterly dividend from C$0.20 to C$0.21 per share, equivalent to C$0.84 annually and a 2.2% yield.

Shares of Saputo Inc. (TSE:SAP - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$47.18.

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of Saputo from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. National Bank Financial upped their target price on shares of Saputo from C$44.00 to C$45.00 and gave the stock a "sector perform" rating in a report on Monday, August 10th. TD Securities raised shares of Saputo to a "strong-buy" rating in a report on Monday, June 22nd. Ventum Capital raised their price target on shares of Saputo from C$47.00 to C$48.00 and gave the company a "buy" rating in a report on Monday, June 8th. Finally, TD raised their price target on shares of Saputo from C$51.00 to C$53.00 and gave the company a "buy" rating in a report on Monday, August 10th.

Saputo Stock Performance

TSE:SAP opened at C$38.11 on Friday. The business's fifty day moving average is C$40.46 and its 200 day moving average is C$41.17. The firm has a market cap of C$15.13 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 0.56 and a beta of 0.21. The company has a debt-to-equity ratio of 41.86, a quick ratio of 0.67 and a current ratio of 1.51. Saputo has a 52-week low of C$33.01 and a 52-week high of C$45.09.

Saputo (TSE:SAP - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$4.42 billion during the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. Research analysts predict that Saputo will post 1.7735369 EPS for the current year.

Saputo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Saputo's previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, September 15th. Saputo's dividend payout ratio (DPR) is 64.52%.

About Saputo

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.

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