Saputo (TSE:SAP) Price Target Raised to C$47.00

Saputo (TSE:SAP) had its target price lifted by Desjardins from C$45.00 to C$47.00 in a research note released on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on SAP. National Bank Financial increased their price objective on shares of Saputo from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Jefferies Financial Group increased their price target on shares of Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. TD Securities boosted their price objective on shares of Saputo from C$49.00 to C$51.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank Of Canada upped their price objective on Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Sunday. Finally, Canadian Imperial Bank of Commerce lifted their target price on Saputo from C$40.00 to C$44.00 in a report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Saputo presently has an average rating of “Moderate Buy” and a consensus target price of C$44.63.

Saputo Stock Up 1.0%

SAP stock opened at C$42.05 on Monday. The business has a 50 day moving average of C$41.09 and a 200 day moving average of C$36.62. The firm has a market cap of C$17.04 billion, a PE ratio of -210.25, a price-to-earnings-growth ratio of 0.56 and a beta of 0.04. Saputo has a twelve month low of C$23.84 and a twelve month high of C$44.00. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68.

Saputo (TSE:SAP) last released its earnings results on Thursday, February 5th. The company reported C$0.57 EPS for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%.The business had revenue of C$4.89 billion for the quarter. On average, research analysts forecast that Saputo will post 1.7735369 EPS for the current fiscal year.

Saputo Dividend Announcement

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

Saputo Company Profile

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.