Saputo Inc. (TSE:SAP) Receives C$30.88 Consensus Price Target from Brokerages

Saputo Inc. (TSE:SAP - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$30.88.

Several analysts have recently weighed in on SAP shares. National Bankshares lifted their target price 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 decreased their target price on shares of 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. Finally, Scotiabank decreased their target price on shares of 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.

Saputo Price Performance

Shares of Saputo stock traded up C$0.47 during trading on Wednesday, hitting C$28.34. 124,784 shares of the company's stock traded hands, compared to its average volume of 704,037. 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 firm's fifty day moving average price is C$26.63 and its 200 day moving average price is C$25.46. Saputo has a twelve month low of C$22.59 and a twelve month high of C$32.15. The company has a market cap of C$11.95 billion, a PE ratio of -75.88, a PEG ratio of 0.56 and a beta of 0.32.

Saputo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 26th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.68%. The ex-dividend date was Tuesday, June 17th. Saputo's dividend 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.