Saputo Inc. (TSE:SAP) Receives Average Rating of “Moderate Buy” from Analysts

Saputo Inc. (TSE:SAP) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$46.11.

Several equities analysts recently issued reports on SAP shares. Royal Bank Of Canada lifted their price objective on shares of Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Sunday, February 8th. National Bank Financial cut their price objective on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Ventum Financial set a C$47.00 price objective on Saputo and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Scotiabank upped their price target on shares of Saputo from C$47.00 to C$49.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, Desjardins increased their price target on Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, February 9th.

Saputo Stock Performance

TSE SAP opened at C$42.84 on Friday. The stock has a market capitalization of C$17.36 billion, a PE ratio of 27.46, a P/E/G ratio of 0.56 and a beta of 0.06. The business has a 50 day simple moving average of C$41.38 and a two-hundred day simple moving average of C$41.34. 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 has a 1-year low of C$25.17 and a 1-year high of C$45.09.

Saputo (TSE:SAP) last announced its earnings results on Thursday, June 4th. The company reported C$0.41 EPS for the quarter. The firm had revenue of C$3.31 billion during the quarter. Saputo had a return on equity of 9.50% and a net margin of 3.39%. On average, research analysts predict that Saputo will post 1.7735369 EPS for the current fiscal year.

Saputo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Saputo’s dividend payout ratio is presently 50.00%.

About Saputo

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.