Saputo (TSE:SAP) Hits New 12-Month High – Here’s Why

by · The Cerbat Gem

Shares of Saputo Inc. (TSE:SAP – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as C$39.99 and last traded at C$39.90, with a volume of 1064365 shares. The stock had previously closed at C$39.01.

Analyst Upgrades and Downgrades

SAP has been the topic of several analyst reports. Jefferies Financial Group upped their price target on shares of Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Scotiabank upped their target price on Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. TD Securities increased their price target on Saputo from C$44.00 to C$49.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. BMO Capital Markets boosted their price objective on Saputo from C$34.00 to C$37.00 in a report on Monday, November 10th. Finally, CIBC upped their price objective on Saputo from C$36.00 to C$40.00 in a research report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$39.25.

Check Out Our Latest Stock Report on SAP

Saputo Trading Up 2.3%

The stock’s 50-day moving average price is C$35.97 and its 200 day moving average price is C$32.15. 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$16.36 billion, a PE ratio of -199.50, a price-to-earnings-growth ratio of 0.56 and a beta of 0.14.

Saputo (TSE:SAP – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$4.72 billion during the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%. On average, sell-side analysts expect that Saputo Inc. will post 1.7735369 EPS for the current fiscal year.

Saputo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Saputo’s dividend payout ratio (DPR) is currently -385.00%.

About Saputo

(Get Free Report)

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.

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