Saputo Inc. (TSE:SAP) Receives C$40.38 Consensus PT from Brokerages

Saputo Inc. (TSE:SAP) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$40.38.

A number of equities analysts have commented on the company. Jefferies Financial Group lifted their target price on Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Scotiabank boosted their price objective on Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Desjardins upped their price objective on Saputo from C$40.00 to C$45.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. National Bankshares raised their target price on Saputo from C$36.00 to C$38.00 in a research note on Monday, November 10th. Finally, CIBC boosted their price target on shares of Saputo from C$36.00 to C$40.00 in a report on Monday, November 10th.

Saputo Trading Down 1.8%

Saputo stock opened at C$39.82 on Wednesday. Saputo has a 1 year low of C$22.59 and a 1 year high of C$41.93. The firm’s 50-day moving average is C$38.79 and its 200-day moving average is C$34.16. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. The company has a market cap of C$16.32 billion, a P/E ratio of -199.10, a PEG ratio of 0.56 and a beta of 0.18.

Saputo (TSE:SAP) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.45 earnings per share for the quarter. The business had revenue of C$4.72 billion during the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. On average, equities analysts expect that Saputo will post 1.7735369 earnings per share for the current year.

Saputo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, December 12th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, December 2nd. Saputo’s payout ratio is presently -385.00%.

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.