Saputo Inc. (TSE:SAP) Receives C$46.25 Average Price Target from Brokerages

Shares of Saputo Inc. (TSE:SAP) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$46.25.

Several brokerages have commented on SAP. Canadian Imperial Bank of Commerce lifted their price target on shares of Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. National Bank Financial upped their price objective on shares of Saputo from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Desjardins raised their target price on shares of Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Scotiabank lifted their target price on shares of Saputo from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Royal Bank Of Canada boosted their target price on shares of Saputo from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Sunday, February 8th.

Insiders Place Their Bets

In related news, insider Patrick Turcotte sold 2,071 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of C$42.18, for a total transaction of C$87,354.78. Following the completion of the sale, the insider owned 8,336 shares in the company, valued at C$351,612.48. This represents a 19.90% decrease in their position. In the last ninety days, insiders sold 2,659 shares of company stock worth $112,169. 40.45% of the stock is owned by corporate insiders.

Saputo Price Performance

Shares of TSE:SAP opened at C$42.55 on Monday. The stock has a market capitalization of C$17.24 billion, a P/E ratio of 27.28, a P/E/G ratio of 0.56 and a beta of 0.13. The business has a 50-day moving average of C$42.20 and a two-hundred day moving average of C$38.67. Saputo has a fifty-two week low of C$23.94 and a fifty-two week high of C$44.00. The company has a debt-to-equity ratio of 59.15, a current ratio of 1.64 and a quick ratio of 0.67.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 EPS for the quarter. Saputo had a return on equity of 9.50% and a net margin of 3.39%.The business had revenue of C$4.89 billion for the quarter. On average, equities research analysts predict that Saputo will post 1.7735369 EPS for the current fiscal year.

Saputo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 13th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, March 3rd. Saputo’s payout ratio is currently 50.00%.

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.