Saputo Inc. (TSE:SAP) Given Average Recommendation of “Moderate Buy” by Brokerages

Saputo Inc. (TSE:SAP) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$35.19.

A number of equities analysts recently weighed in on SAP shares. Desjardins lifted their price target on Saputo from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research note on Monday. CIBC lifted their price target on Saputo from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Monday. Royal Bank of Canada lifted their price target on Saputo from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 4th. BMO Capital Markets lifted their price target on Saputo from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, TD Securities lifted their price target on Saputo from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research note on Monday.

Saputo Price Performance

TSE:SAP opened at C$29.51 on Tuesday. The business’s 50-day moving average price is C$27.03 and its 200 day moving average price is C$27.06. The firm has a market cap of C$12.52 billion, a P/E ratio of 37.83, a PEG ratio of 0.21 and a beta of 0.32. Saputo has a 52-week low of C$25.28 and a 52-week high of C$31.79. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 58.27.

Saputo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, June 18th will be issued a dividend of $0.185 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.74 annualized dividend and a dividend yield of 2.51%. Saputo’s dividend payout ratio is 94.87%.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.