Saputo (TSE:SAP) Price Target Raised to C$53.00

Saputo (TSE:SAP) had its target price upped by TD from C$51.00 to C$53.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. TD currently has a buy rating on the stock.

A number of other research firms have also issued reports on SAP. Ventum Financial set a C$47.00 price objective on Saputo and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group lowered Saputo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Ventum Capital increased their price target on shares of Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a report on Monday, June 8th. TD Securities upgraded shares of Saputo to a “strong-buy” rating in a research report on Monday, June 22nd. Finally, National Bank Financial decreased their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$47.18.

Saputo Stock Performance

Shares of SAP stock opened at C$42.19 on Monday. The firm’s 50 day moving average is C$41.30 and its 200 day moving average is C$41.67. The stock has a market capitalization of C$16.75 billion, a P/E ratio of 34.02, a PEG ratio of 0.56 and a beta of 0.15. Saputo has a 12 month low of C$32.44 and a 12 month high of C$45.09. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 41.86.

Saputo (TSE:SAP) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.01 earnings per share for the quarter. The business had revenue of C$4.42 billion during the quarter. Saputo had a net margin of 2.80% and a return on equity of 7.45%. On average, sell-side analysts anticipate that Saputo will post 1.7735369 earnings per share for the current year.

Saputo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, June 16th. Saputo’s dividend payout ratio (DPR) is 64.52%.

Insiders Place Their Bets

In other Saputo news, Director Steven Michael Douglas sold 19,777 shares of Saputo stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of C$41.90, for a total transaction of C$828,656.30. Following the completion of the sale, the director directly owned 12,917 shares in the company, valued at C$541,222.30. The trade was a 60.49% decrease in their ownership of the stock. Also, insider Martin Gagnon sold 26,806 shares of Saputo stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of C$41.78, for a total transaction of C$1,119,954.68. Following the sale, the insider owned 31,362 shares of the company’s stock, valued at approximately C$1,310,304.36. The trade was a 46.08% decrease in their ownership of the stock. Insiders sold a total of 155,766 shares of company stock worth $6,525,571 over the last three months. Company insiders own 40.45% of the company’s stock.

Saputo Company Profile

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.