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

Key Points

• Saputo Inc. (TSE:SAP) has received a consensus rating of "Moderate Buy" from analysts, with one hold recommendation and seven buy recommendations.
• The average one-year price target for Saputo shares is C$30.88, reflecting a positive outlook from brokerage firms.
• The company recently announced a quarterly dividend of $0.19, resulting in an annualized dividend yield of 2.7%.

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

A number of equities research analysts recently issued reports on the company. National Bankshares boosted their price objective on Saputo from C$28.00 to C$29.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Scotiabank cut their price target 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 Stock Performance

Shares of Saputo stock traded up C$0.49 during trading hours on Friday, hitting C$29.04. 597,731 shares of the company's stock traded hands, compared to its average volume of 682,525. The stock has a market capitalization of C$12.24 billion, a price-to-earnings ratio of -77.75, a PEG ratio of 0.56 and a beta of 0.32. The company has a fifty day simple moving average of C$27.51 and a 200-day simple moving average of C$25.99. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. Saputo has a 12-month low of C$22.59 and a 12-month high of C$31.93.

Saputo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 26th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 17th. Saputo's payout ratio is currently -203.48%.

About Saputo

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight.