Saputo Inc. (TSE:SAP) Receives C$31.00 Consensus PT from Brokerages

Shares of Saputo Inc. (TSE:SAP - Get Free Report) have received a consensus rating of "Buy" from the eight analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$31.00.

A number of equities analysts have weighed in on SAP shares. TD Securities decreased their target price on shares of Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a research note on Friday, March 28th. National Bankshares set a C$28.00 price target on shares of Saputo and gave the company an "outperform" rating in a report on Monday, April 7th. Desjardins cut their price target on shares of Saputo from C$34.00 to C$31.00 and set a "buy" rating on the stock in a report on Monday, February 10th. CIBC cut their price target on shares of Saputo from C$32.00 to C$29.00 in a report on Monday, February 10th. Finally, Royal Bank of Canada cut their price target on shares of Saputo from C$38.00 to C$35.00 and set an "outperform" rating on the stock in a report on Friday, February 7th.

Saputo Stock Up 1.7 %

Shares of TSE SAP traded up C$0.46 on Friday, reaching C$26.90. 828,103 shares of the company's stock traded hands, compared to its average volume of 788,070. Saputo has a 12 month low of C$22.59 and a 12 month high of C$32.15. The business's 50 day simple moving average is C$25.42 and its two-hundred day simple moving average is C$25.51. The company has a market cap of C$11.34 billion, a price-to-earnings ratio of -72.02, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.76 annualized dividend and a yield of 2.83%. Saputo's payout ratio is presently -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.