Saputo Inc. (TSE:SAP) Given Average Rating of "Moderate Buy" by Brokerages

Saputo Inc. (TSE:SAP - Get Free Report) has been given an average rating of "Moderate Buy" by the eight analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$30.88.

SAP has been the topic of a number of recent analyst reports. Scotiabank lowered their price target on shares of Saputo from C$30.00 to C$29.00 and set an "outperform" rating on the stock in a research note on Monday, June 9th. TD Securities lowered their price target on shares of Saputo from C$37.00 to C$35.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, National Bankshares upped their price target on shares of Saputo from C$28.00 to C$29.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th.

Saputo Price Performance

Shares of TSE:SAP traded down C$0.72 on Wednesday, reaching C$27.57. 490,318 shares of the company were exchanged, compared to its average volume of 705,437. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. Saputo has a 1-year low of C$22.59 and a 1-year high of C$32.15. The firm has a market cap of C$11.62 billion, a price-to-earnings ratio of -73.82, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The company has a 50-day moving average of C$26.68 and a 200-day moving average of C$25.48.

Saputo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 26th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.76 dividend on an annualized basis and a yield of 2.76%. Saputo's dividend payout ratio (DPR) is -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.