Saputo Inc. (TSE:SAP) Receives C$30.88 Average PT from Analysts

Shares of Saputo Inc. (TSE:SAP - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$30.88.

Several research analysts have weighed in on SAP shares. Scotiabank lowered their price objective on Saputo from C$30.00 to C$29.00 and set an "outperform" rating on the stock in a research report on Monday, June 9th. National Bankshares increased their price objective on Saputo from C$28.00 to C$29.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Finally, TD Securities lowered their price objective on Saputo from C$37.00 to C$35.00 and set a "buy" rating on the stock in a research report on Friday, March 28th.

Saputo Stock Performance

Saputo stock traded down C$0.95 during mid-day trading on Friday, hitting C$26.52. 924,791 shares of the company's stock traded hands, compared to its average volume of 712,347. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The stock has a market cap of C$11.18 billion, a price-to-earnings ratio of -71.00, a P/E/G ratio of 0.56 and a beta of 0.32. The firm has a 50 day simple moving average of C$26.15 and a two-hundred day simple moving average of C$25.35. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$32.15.

Saputo Dividend Announcement

The business 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 $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Tuesday, June 17th. Saputo's payout ratio is currently -203.48%.

About Saputo

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.