Saputo Inc. (TSE:SAP) Receives C$46.73 Average Price Target from Brokerages

Shares of Saputo Inc. (TSE:SAP) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$46.73.

Several research firms have recently weighed in on SAP. Ventum Financial set a C$47.00 price target on Saputo and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. TD lowered their price objective on Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. TD Securities raised shares of Saputo to a “strong-buy” rating in a report on Monday, June 22nd. National Bank Financial cut their target price on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Finally, Ventum Capital lifted their target price on shares of Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research note on Monday, June 8th.

Insider Buying and Selling at Saputo

In related news, insider Leanne Cutts sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$41.73, for a total value of C$417,300.00. Following the completion of the transaction, the insider directly owned 23,790 shares of the company’s stock, valued at approximately C$992,756.70. This trade represents a 29.59% decrease in their position. Also, Director Maxime Therrien sold 19,601 shares of Saputo stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$42.06, for a total transaction of C$824,418.06. Following the completion of the transaction, the director owned 64,213 shares of the company’s stock, valued at C$2,700,798.78. This represents a 23.39% decrease in their ownership of the stock. Insiders sold a total of 155,766 shares of company stock valued at $6,525,571 in the last quarter. Corporate insiders own 40.45% of the company’s stock.

Saputo Price Performance

Saputo stock opened at C$41.14 on Friday. The business’s 50 day simple moving average is C$41.52 and its 200 day simple moving average is C$41.70. Saputo has a 12 month low of C$28.45 and a 12 month high of C$45.09. The company has a market cap of C$16.47 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 0.56 and a beta of 0.14. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 48.08.

Saputo (TSE:SAP) last released its earnings results on Thursday, June 4th. The company reported C$0.41 earnings per share (EPS) for the quarter. The business had revenue of C$3.31 billion during the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%. Sell-side analysts forecast that Saputo will post 1.7735369 EPS for the current year.

Saputo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were paid 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 is presently 48.47%.

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.