Saputo Inc. (TSE:SAP) Stock Rated “Moderate Buy” by Sell-Side Analysts

by · The Markets Daily

Saputo Inc. (TSE:SAP – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$48.10.

A number of brokerages have recently weighed in on SAP. TD raised their price objective on Saputo from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Ventum Capital set a C$49.00 target price on Saputo and gave the stock a “buy” rating in a report on Wednesday, October 21st. Canadian Imperial Bank of Commerce set a C$45.00 target price on Saputo and gave the stock a “hold” rating in a research report on Thursday, October 22nd. National Bank Financial increased their price target on Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Finally, Ventum Financial set a C$49.00 price target on Saputo and gave the company a “buy” rating in a research note on Monday, August 10th.

Check Out Our Latest Stock Report on Saputo

Saputo Price Performance

Shares of TSE:SAP opened at C$40.32 on Tuesday. The company has a debt-to-equity ratio of 41.86, a quick ratio of 0.67 and a current ratio of 1.51. The firm has a fifty day moving average price of C$39.94 and a 200 day moving average price of C$41.21. Saputo has a fifty-two week low of C$33.22 and a fifty-two week high of C$45.09. The firm has a market cap of C$16.00 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 0.56 and a beta of 0.19.

Saputo (TSE:SAP – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.49 earnings per share (EPS) for the quarter. The company had revenue of C$4.42 billion for the quarter. Saputo had a net margin of 2.80% and a return on equity of 7.45%. As a group, sell-side analysts expect that Saputo will post 1.77 earnings per share for the current fiscal year.

Saputo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from Saputo’s previous quarterly dividend of $0.20. Saputo’s dividend payout ratio is presently 64.52%.

Saputo Company Profile

(Get Free Report)

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.

Featured Stories