Saputo Inc. (TSE:SAP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Saputo Inc. (TSE:SAP – Get Free Report) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$40.38.

SAP has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on shares of Saputo from C$34.00 to C$37.00 in a research note on Monday, November 10th. National Bankshares boosted their target price on shares of Saputo from C$36.00 to C$38.00 in a report on Monday, November 10th. TD Securities upped their price target on shares of Saputo from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Scotiabank increased their price target on shares of Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, CIBC boosted their price objective on shares of Saputo from C$36.00 to C$40.00 in a research note on Monday, November 10th.

Get Our Latest Analysis on SAP

Saputo Trading Down 0.3%

Shares of SAP opened at C$41.20 on Wednesday. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$41.93. The company has a market capitalization of C$16.89 billion, a PE ratio of -206.00, a price-to-earnings-growth ratio of 0.56 and a beta of 0.18. The stock has a fifty day moving average of C$38.56 and a two-hundred day moving average of C$33.98. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53.

Saputo (TSE:SAP – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.45 EPS for the quarter. The business 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%. As a group, analysts forecast that Saputo will post 1.7735369 EPS for the current year.

Saputo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, December 12th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, December 2nd. Saputo’s payout ratio is -385.00%.

About Saputo

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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. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.

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