Saputo Inc. (SAP) Stock Rating Reaffirmed by Desjardins
Saputo Inc. (TSE:SAP)‘s stock had its “hold” rating reaffirmed by research analysts at Desjardins in a report released on Thursday. They presently have a C$46.00 price objective on the stock. Desjardins’ price target suggests a potential upside of 0.90% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. CIBC increased their price target on Saputo from C$44.00 to C$45.00 in a research report on Wednesday, August 3rd. TD Securities raised Saputo from a “hold” rating to a “buy” rating and increased their price target for the stock from C$42.00 to C$45.00 in a research report on Wednesday, August 3rd. Scotiabank reaffirmed an “outperform” rating and set a C$44.00 price target on shares of Saputo in a research report on Friday, July 29th. Royal Bank Of Canada increased their price target on Saputo from C$45.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 15th. Finally, RBC Capital Markets increased their price target on Saputo from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$46.00.
Shares of Saputo (TSE:SAP) opened at 45.59 on Thursday. Saputo has a 52-week low of $28.83 and a 52-week high of $46.69. The company has a 50 day moving average price of $44.09 and a 200-day moving average price of $40.94. The stock has a market capitalization of $17.91 billion and a P/E ratio of 28.32.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, September 6th were paid a $0.15 dividend. The ex-dividend date was Thursday, September 1st. This is a positive change from Saputo’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.32%.
Saputo Company Profile
Saputo Inc is a Canada-based dairy processor and cheese producer in the United States. Saputo produces, markets, and distributes a variety of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Its products are sold in 40 countries under brand names such as Saputo, Alexis de Portneuf, Armstrong, Baxter, Dairyland, Dragone, DuVillage 1860, Friendship, Frigo Cheese Heads, Great Midwest, King’s Choice, Kingsey, La Paulina, Milk2Go, Neilson, Nutrilait, Ricrem, Salemville, Scotsburn4, Stella, Sungold and Treasure Cave.
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