Saputo Inc. (TSE:SAP) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Saputo Inc. (TSE:SAP - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$30.88.

A number of equities analysts have issued reports on SAP shares. TD Securities lowered 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. National Bankshares increased their target price on Saputo from C$28.00 to C$29.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Finally, Scotiabank decreased their price objective on Saputo from C$30.00 to C$29.00 and set an "outperform" rating for the company in a report on Monday, June 9th.

Saputo Trading Down 2.5%

Saputo stock traded down C$0.72 during mid-day trading on Wednesday, hitting C$27.57. 490,318 shares of the company's stock were exchanged, compared to its average volume of 705,437. The firm has a market capitalization of C$11.62 billion, a P/E ratio of -73.82, a PEG ratio of 0.56 and a beta of 0.32. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$32.15. 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 company's 50 day simple moving average is C$26.71 and its 200-day simple moving average is C$25.50.

Saputo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 26th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was 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.