Saputo (TSE:SAP) Price Target Raised to C$41.00

Saputo (TSE:SAP) had its price target lifted by BMO Capital Markets from C$37.00 to C$41.00 in a research note published on Friday,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other equities research analysts have also issued reports on the stock. Scotiabank lifted their target price on shares of Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. National Bankshares upped their target price on shares of Saputo from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Securities raised their price target on Saputo from C$44.00 to C$49.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, CIBC lifted their price target on Saputo from C$36.00 to C$40.00 in a research note on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Saputo has an average rating of “Moderate Buy” and an average target price of C$41.75.

Saputo Price Performance

Saputo stock opened at C$41.99 on Friday. The stock has a market cap of C$17.21 billion, a price-to-earnings ratio of -209.95, a PEG ratio of 0.56 and a beta of 0.18. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The business has a 50-day simple moving average of C$40.32 and a 200 day simple moving average of C$35.42. Saputo has a 52 week low of C$23.10 and a 52 week high of C$42.30.

Saputo (TSE:SAP) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.45 earnings per share for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%.The firm had revenue of C$4.72 billion for the quarter. On average, research analysts forecast that Saputo will post 1.7735369 earnings per share for the current fiscal year.

Saputo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, December 12th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, December 2nd. Saputo’s dividend payout ratio is presently -385.00%.

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.