Brokerages Set Saputo Inc. (TSE:SAP) PT at C$30.88

Saputo Inc. (TSE:SAP - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$30.88.

SAP has been the topic of several analyst reports. National Bankshares raised their price target on shares of Saputo from C$28.00 to C$29.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. TD Securities dropped their price objective on Saputo from C$37.00 to C$35.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Scotiabank cut their price objective on Saputo from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research report on Monday, June 9th.

Saputo Stock Performance

Shares of SAP traded down C$0.13 during mid-day trading on Friday, reaching C$26.66. The company had a trading volume of 598,701 shares, compared to its average volume of 711,274. The stock has a market capitalization of C$11.24 billion, a P/E ratio of -71.38, a PEG ratio of 0.56 and a beta of 0.32. Saputo has a 52-week low of C$22.59 and a 52-week high of C$32.15. The stock has a 50 day moving average of C$26.23 and a two-hundred day moving average of C$25.35. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68.

Saputo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 26th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, June 17th. Saputo's payout ratio is -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.