Brokerages Set Saputo Inc. (TSE:SAP) Target Price at C$32.19

Saputo Inc. (TSE:SAP) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$31.29.

SAP has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on Saputo from C$38.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. BMO Capital Markets lowered their target price on Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. TD Securities reduced their price target on shares of Saputo from C$38.00 to C$37.00 in a research report on Monday, November 11th. Desjardins lowered their price objective on shares of Saputo from C$34.00 to C$31.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, National Bankshares cut their target price on shares of Saputo from C$31.00 to C$28.00 in a research report on Wednesday, January 15th.

Insider Transactions at Saputo

In related news, Senior Officer Leanne Cutts purchased 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of C$26.25 per share, for a total transaction of C$105,000.00. 40.45% of the stock is currently owned by company insiders.

Saputo Trading Up 0.0 %

Saputo stock opened at C$24.33 on Friday. Saputo has a 52 week low of C$22.59 and a 52 week high of C$32.15. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. The firm has a market capitalization of C$10.26 billion, a price-to-earnings ratio of -65.14, a P/E/G ratio of 0.56 and a beta of 0.32. The company has a 50 day moving average price of C$24.44 and a 200 day moving average price of C$27.25.

Saputo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, December 10th. Saputo’s dividend payout ratio is -203.48%.

Saputo Company Profile

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.