Saputo Inc. (TSE:SAP) Receives C$31.00 Consensus Target Price from Analysts

Shares of Saputo Inc. (TSE:SAP - Get Free Report) have earned a consensus rating of "Buy" from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$31.00.

Several research analysts recently weighed in on the stock. Desjardins cut their price target on shares of Saputo from C$34.00 to C$31.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Royal Bank of Canada dropped their target price on shares of Saputo from C$38.00 to C$35.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. TD Securities reduced their target price on Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a report on Friday, March 28th. CIBC decreased their price target on Saputo from C$32.00 to C$29.00 in a research report on Monday, February 10th. Finally, Scotiabank raised Saputo to a "strong-buy" rating in a research report on Tuesday, April 1st.

Saputo Stock Up 0.1%

TSE SAP traded up C$0.02 on Tuesday, reaching C$26.26. The company had a trading volume of 508,546 shares, compared to its average volume of 731,480. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The stock has a market capitalization of C$11.07 billion, a P/E ratio of -70.31, a P/E/G ratio of 0.56 and a beta of 0.32. The company's fifty day moving average is C$25.67 and its 200 day moving average is C$25.30. Saputo has a 52-week low of C$22.59 and a 52-week high of C$32.15.

Saputo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.89%. Saputo's dividend payout ratio is presently -203.48%.

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.