Saputo Inc. (TSE:SAP) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Saputo has an average analyst recommendation of "Moderate Buy" from eight firms (six buy, two hold) with an average 12‑month price target of C$46.33, and several brokers (RBC, TD, Desjardins) recently raised their targets.
• The stock opened at C$41.02, trades near its 50‑day and 200‑day SMAs (C$42.06 and C$40.28), has a 1‑year range of C$25.17–C$45.09, market cap C$16.62B and a P/E of 26.29; analysts forecast roughly C$1.77 EPS for the year.
• Saputo pays a quarterly dividend of C$0.20 (C$0.80 annualized, ~2.0% yield, 50% payout ratio), and insiders have recently sold shares although they still own about 40.45% of the company.

Saputo Inc. (TSE:SAP - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$46.33.

Several research analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on Saputo from C$47.00 to C$50.00 and gave the stock an "outperform" rating in a research report on Sunday, February 8th. Desjardins boosted their price objective on Saputo from C$45.00 to C$47.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Canadian Imperial Bank of Commerce boosted their price objective on Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. National Bank Financial cut Saputo from an "outperform" rating to a "hold" rating and set a C$46.00 price objective on the stock. in a research report on Monday, April 13th. Finally, TD Securities boosted their target price on Saputo from C$51.00 to C$52.00 and gave the company a "buy" rating in a research note on Sunday, February 15th.

Saputo Stock Up 0.1%

SAP stock opened at C$41.02 on Tuesday. The stock's fifty day simple moving average is C$42.06 and its two-hundred day simple moving average is C$40.28. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 59.15. Saputo has a 1-year low of C$25.17 and a 1-year high of C$45.09. The stock has a market cap of C$16.62 billion, a P/E ratio of 26.29, a P/E/G ratio of 0.56 and a beta of 0.10.

Saputo (TSE:SAP - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. Saputo had a return on equity of 9.50% and a net margin of 3.39%.The business had revenue of C$4.89 billion for the quarter. Analysts expect that Saputo will post 1.7735369 EPS for the current year.

Saputo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were paid a $0.20 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Saputo's payout ratio is presently 50.00%.

Insider Activity

In other Saputo news, insider Patrick Turcotte sold 2,071 shares of the business's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of C$42.18, for a total value of C$87,354.78. Following the sale, the insider directly owned 8,336 shares in the company, valued at C$351,612.48. The trade was a 19.90% decrease in their ownership of the stock. Insiders sold 2,659 shares of company stock valued at $112,169 in the last 90 days. Insiders own 40.45% of the company's stock.

Saputo Company Profile

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.

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