Saputo Inc. (TSE:SAP) Receives C$38.63 Average Price Target from Brokerages

Shares of Saputo Inc. (TSE:SAP) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$38.63.

Several equities research analysts have recently weighed in on the company. TD Securities upped their price target on Saputo from C$38.00 to C$44.00 in a research report on Monday. National Bankshares raised their price objective on shares of Saputo from C$36.00 to C$38.00 in a research report on Monday. BMO Capital Markets upped their target price on shares of Saputo from C$34.00 to C$37.00 in a report on Monday. Desjardins increased their target price on shares of Saputo from C$31.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Royal Bank Of Canada raised their price target on shares of Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Friday, August 8th.

Saputo Price Performance

Shares of TSE SAP opened at C$37.10 on Tuesday. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$37.39. The stock has a market cap of C$15.22 billion, a PE ratio of -109.12, a price-to-earnings-growth ratio of 0.56 and a beta of 0.07. The stock has a fifty day moving average of C$34.13 and a 200-day moving average of C$30.47.

Saputo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, September 12th were paid a dividend of $0.20 per share. This is a positive change from Saputo’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Saputo’s dividend payout ratio is -223.53%.

About Saputo

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.