Saputo Inc. (TSE:SAP) Given Average Rating of “Hold” by Analysts
Saputo Inc. (TSE:SAP) has been assigned an average recommendation of “Hold” from the seven analysts that are covering the company. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$46.00.
Several research analysts have commented on the stock. Scotiabank boosted their price target on shares of Saputo from C$44.00 to C$52.00 and gave the stock an “outperform” rating in a report on Thursday, September 22nd. Desjardins restated a “hold” rating and issued a C$46.00 target price on shares of Saputo in a report on Thursday, September 29th. Royal Bank Of Canada upped their target price on shares of Saputo from C$45.00 to C$47.00 and gave the company a “sector perform” rating in a report on Thursday, September 15th. TD Securities restated a “hold” rating and issued a C$42.00 target price on shares of Saputo in a report on Friday, July 29th. Finally, RBC Capital Markets upped their target price on shares of Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Wednesday, August 3rd.
Saputo (TSE:SAP) traded down 0.88% on Tuesday, reaching $44.86. 135,403 shares of the company’s stock were exchanged. The company has a market capitalization of $17.62 billion and a P/E ratio of 27.86. The firm has a 50-day moving average price of $44.15 and a 200-day moving average price of $40.98. Saputo has a 1-year low of $30.30 and a 1-year high of $46.69.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, September 6th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.60 dividend on an annualized basis and a yield of 1.33%. This is a boost from Saputo’s previous quarterly dividend of $0.14.
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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