Analysts Set Saputo Inc. (TSE:SAP) PT at C$30.88

Shares of Saputo Inc. (TSE:SAP - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$30.88.

Several equities analysts have recently issued reports on SAP shares. TD Securities lowered their price target on Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Scotiabank lowered their price target on Saputo from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research report on Monday, June 9th. Finally, National Bankshares boosted their target price 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.

Saputo Trading Up 1.2%

Shares of Saputo stock traded up C$0.32 on Wednesday, hitting C$27.87. The stock had a trading volume of 583,816 shares, compared to its average volume of 708,612. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. Saputo has a one year low of C$22.59 and a one year high of C$32.15. The stock has a market cap of C$11.75 billion, a price-to-earnings ratio of -74.62, a PEG ratio of 0.56 and a beta of 0.32. The stock's 50-day simple moving average is C$26.61 and its two-hundred day simple moving average is C$25.44.

Saputo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 26th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Tuesday, June 17th. Saputo's payout ratio is currently -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.