Shares of Saputo Inc. (TSE:SAP) have received an average rating of “Buy” from the seven research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$49.33.
A number of research firms recently commented on SAP. CIBC dropped their price objective on Saputo from C$52.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, February 2nd. TD Securities set a C$52.00 price objective on Saputo and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. BMO Capital Markets dropped their price objective on Saputo from C$47.00 to C$44.00 and set a “market perform” rating for the company in a research report on Friday, February 2nd. Desjardins upgraded Saputo from a “hold” rating to a “buy” rating in a research report on Thursday, December 28th. Finally, National Bank Financial dropped their price objective on Saputo from C$49.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd.
Shares of Saputo (TSE SAP) traded up C$0.79 during mid-day trading on Wednesday, hitting C$41.23. The stock had a trading volume of 374,624 shares, compared to its average volume of 401,749. Saputo has a twelve month low of C$39.67 and a twelve month high of C$47.59. The stock has a market capitalization of $15,990.00, a PE ratio of 18.27 and a beta of 0.02.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Tuesday, March 6th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Monday, March 5th. Saputo’s payout ratio is 27.43%.
In other Saputo news, insider Carl Colizza sold 4,728 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$40.50, for a total value of C$191,484.00. Over the last three months, insiders acquired 433 shares of company stock worth $17,418.
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Saputo Company Profile
Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
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