Analysts Set Saputo Inc. (SAP) Target Price at $46.57
Shares of Saputo Inc. (TSE:SAP) have been given a consensus rating of “Buy” by the seven analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$46.57.
A number of analysts recently issued reports on the company. Desjardins raised Saputo from a “hold” rating to a “buy” rating and set a C$45.00 price objective for the company in a research report on Wednesday, September 12th. CIBC reduced their price objective on Saputo from C$50.00 to C$47.00 in a research report on Wednesday, August 8th. National Bank Financial reduced their price objective on Saputo from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 8th. Scotiabank reduced their price objective on Saputo from C$57.00 to C$54.00 and set an “outperform” rating for the company in a research report on Friday, June 8th. Finally, Royal Bank of Canada lifted their price objective on Saputo from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research report on Friday, June 8th.
In other Saputo news, Director Paul Corney sold 714 shares of the business’s stock in a transaction dated Friday, June 29th. The stock was sold at an average price of C$43.42, for a total value of C$31,001.88. Also, insider Carl Colizza purchased 1,000 shares of Saputo stock in a transaction on Friday, August 10th. The stock was bought at an average cost of C$40.92 per share, with a total value of C$40,920.00.
Saputo (TSE:SAP) last issued its quarterly earnings results on Tuesday, August 7th. The company reported C$0.41 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.07). Saputo had a net margin of 11.15% and a return on equity of 30.30%. The business had revenue of C$3.27 billion for the quarter, compared to analysts’ expectations of C$3.32 billion.
The business also recently declared a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Tuesday, September 4th were given a $0.165 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.70%. This is a boost from Saputo’s previous quarterly dividend of $0.16.
Saputo Company Profile
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.
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