Saputo (TSE:SAP) Given New C$39.00 Price Target at National Bankshares

Saputo (TSE:SAPGet Rating) had its price target raised by National Bankshares from C$35.00 to C$39.00 in a report released on Friday, BayStreet.CA reports.

Several other equities analysts also recently weighed in on the company. CIBC decreased their target price on Saputo from C$36.00 to C$35.00 in a research report on Friday, June 10th. Royal Bank of Canada reduced their price objective on Saputo from C$37.00 to C$35.00 and set an outperform rating on the stock in a research report on Thursday, April 28th. Finally, Scotiabank reduced their price objective on Saputo from C$37.00 to C$36.00 in a research report on Friday, June 10th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average target price of C$38.67.

Saputo Stock Up 0.1 %

Shares of SAP opened at C$33.99 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.62 and a debt-to-equity ratio of 65.26. Saputo has a 12 month low of C$24.61 and a 12 month high of C$37.09. The stock’s 50 day moving average is C$28.97 and its two-hundred day moving average is C$28.97. The firm has a market cap of C$14.20 billion and a P/E ratio of 51.50.

Saputo (TSE:SAPGet Rating) last released its earnings results on Thursday, August 4th. The company reported C$0.39 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.09. The firm had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.20 billion. Analysts predict that Saputo will post 1.95 earnings per share for the current fiscal year.

Saputo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 28th. Shareholders of record on Tuesday, June 21st were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 20th. This represents a $0.72 dividend on an annualized basis and a yield of 2.12%. Saputo’s dividend payout ratio is currently 108.33%.

Insider Buying and Selling at Saputo

In other Saputo news, Director Louis-Philippe Carrière sold 35,000 shares of Saputo stock in a transaction on Monday, June 27th. The stock was sold at an average price of C$28.54, for a total value of C$998,900.00. Following the sale, the director now owns 46,435 shares in the company, valued at C$1,325,254.90. In other news, Director Haig Poutchigian acquired 3,329 shares of the company’s stock in a transaction dated Tuesday, June 14th. The stock was acquired at an average cost of C$27.03 per share, with a total value of C$89,982.87. Following the completion of the purchase, the director now owns 8,741 shares of the company’s stock, valued at approximately C$236,269.23. Also, Director Louis-Philippe Carrière sold 35,000 shares of Saputo stock in a transaction on Monday, June 27th. The shares were sold at an average price of C$28.54, for a total value of C$998,900.00. Following the completion of the sale, the director now directly owns 46,435 shares of the company’s stock, valued at C$1,325,254.90.

Saputo Company Profile

(Get Rating)

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.

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