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

Key Points

• Saputo Inc. has received an average recommendation of "Moderate Buy" from seven analysts, with one hold rating and six buy ratings.
• The average twelve-month price target for the stock among analysts is C$34.63, with several firms providing increased price targets recently.
• Recently, Saputo announced a quarterly dividend of $0.19, representing an annualized yield of 2.2%, despite a negative dividend payout ratio of -203.48%.

Saputo Inc. (TSE:SAP - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$34.63.

SAP has been the subject of a number of analyst reports. BMO Capital Markets increased their target price on shares of Saputo from C$27.00 to C$34.00 in a research report on Monday, August 11th. TD Securities increased their price objective on Saputo from C$35.00 to C$38.00 and gave the company a "buy" rating in a report on Monday, August 11th. Desjardins raised their price objective on Saputo from C$31.00 to C$36.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Scotiabank boosted their target price on Saputo from C$29.00 to C$36.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Finally, Royal Bank Of Canada increased their price target on Saputo from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research note on Friday, August 8th.

Saputo Stock Performance

SAP stock opened at C$34.20 on Thursday. Saputo has a one year low of C$22.59 and a one year high of C$34.33. The firm has a market cap of C$14.42 billion, a price-to-earnings ratio of -91.57, a PEG ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. The firm has a 50-day simple moving average of C$29.48 and a two-hundred day simple moving average of C$26.99.

Saputo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 26th were paid a $0.19 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.76 dividend on an annualized basis and a yield of 2.2%. Saputo's dividend payout ratio (DPR) is -203.48%.

About Saputo

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.

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