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

Shares of Saputo Inc. (TSE:SAP) have earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$46.25.

Several analysts have recently commented on SAP shares. Royal Bank Of Canada raised their target price on Saputo from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Sunday, February 8th. Canadian Imperial Bank of Commerce increased their price objective on Saputo from C$40.00 to C$44.00 in a research note on Friday, January 30th. TD Securities raised their price objective on Saputo from C$51.00 to C$52.00 and gave the stock a “buy” rating in a research report on Sunday, February 15th. Desjardins upped their price objective 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. Finally, National Bank Financial increased their target price on shares of Saputo from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th.

Saputo Stock Down 0.3%

SAP stock opened at C$42.02 on Thursday. Saputo has a 52-week low of C$23.94 and a 52-week high of C$44.00. The company’s 50 day simple moving average is C$41.49 and its 200-day simple moving average is C$37.28. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The firm has a market capitalization of C$17.03 billion, a P/E ratio of 26.94, a P/E/G ratio of 0.56 and a beta of 0.04.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 EPS for the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. The firm had revenue of C$4.89 billion during the quarter. As a group, equities research analysts anticipate that Saputo will post 1.7735369 EPS for the current year.

Saputo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, December 12th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Saputo’s dividend payout ratio is 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.