Saputo (TSE:SAP) Price Target Cut to C$42.00

Saputo (TSE:SAP) had its target price trimmed by Scotiabank from C$45.00 to C$42.00 in a report published on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts have also commented on SAP. National Bankshares cut their target price on Saputo from C$41.00 to C$39.00 and set a sector perform rating on the stock in a research report on Tuesday. Royal Bank of Canada cut their target price on Saputo from C$47.00 to C$43.00 and set an outperform rating on the stock in a research report on Tuesday. Desjardins cut their target price on Saputo from C$44.00 to C$43.00 and set a na rating on the stock in a research report on Friday, July 9th. Cfra cut their target price on Saputo from C$41.00 to C$38.00 in a research report on Tuesday, August 17th. Finally, CIBC cut their target price on Saputo from C$43.00 to C$42.00 in a research report on Friday, August 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of C$40.89.

TSE SAP opened at C$32.37 on Tuesday. The business’s 50-day moving average price is C$35.33 and its two-hundred day moving average price is C$37.33. Saputo has a 12 month low of C$32.05 and a 12 month high of C$42.42. The firm has a market capitalization of C$13.39 billion and a PE ratio of 24.94. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 65.36.

Saputo (TSE:SAP) last released its quarterly earnings results on Thursday, August 5th. The company reported C$0.29 EPS for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.01. The company had revenue of C$3.49 billion during the quarter, compared to the consensus estimate of C$3.24 billion. As a group, analysts forecast that Saputo will post 2.0199999 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Stockholders of record on Tuesday, September 7th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 3rd. This is an increase from Saputo’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a dividend yield of 2.22%. Saputo’s dividend payout ratio is 53.93%.

Saputo Company Profile

Saputo Inc, through its subsidiaries, 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.

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Analyst Recommendations for Saputo (TSE:SAP)

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