Brokerages Set Saputo Inc. (TSE:SAP) Price Target at C$30.88

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

SAP has been the topic of a number of analyst reports. Scotiabank reduced their price target on 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. TD Securities reduced 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 report on Friday, March 28th. Finally, National Bankshares lifted 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 Stock Up 1.5%

Shares of TSE SAP traded up C$0.42 during midday trading on Wednesday, hitting C$28.29. The company's stock had a trading volume of 504,744 shares, compared to its average volume of 707,067. 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 has a market capitalization of C$11.93 billion, a price-to-earnings ratio of -75.74, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The business's fifty day simple moving average is C$26.63 and its two-hundred day simple moving average is C$25.46. Saputo has a 1 year low of C$22.59 and a 1 year high of C$32.15.

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders 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 annualized dividend and a yield of 2.69%. Saputo's dividend 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.