Brokerages Set Saputo Inc. (TSE:SAP) Price Target at $48.86
Saputo Inc. (TSE:SAP) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$49.29.
A number of research firms have recently issued reports on SAP. Desjardins raised shares of Saputo from a “hold” rating to a “buy” rating and set a C$47.00 target price for the company in a report on Friday, June 2nd. Royal Bank Of Canada dropped their target price on shares of Saputo from C$50.00 to C$48.00 and set a “sector perform” rating for the company in a report on Friday, June 2nd. CIBC dropped their target price on shares of Saputo from C$54.00 to C$51.00 in a report on Friday, June 2nd. TD Securities raised shares of Saputo from a “hold” rating to a “buy” rating and upped their target price for the stock from C$48.00 to C$49.00 in a report on Wednesday, August 2nd. Finally, National Bank Financial dropped their target price on shares of Saputo from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a report on Wednesday, July 26th.
In other news, Director Diane Nyisztor acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was purchased at an average price of C$41.93 per share, with a total value of C$41,930.00. Insiders purchased 2,490 shares of company stock valued at $105,967 in the last three months.
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Saputo (SAP) opened at 43.31 on Tuesday. The stock has a market capitalization of $16.72 billion and a PE ratio of 22.68. Saputo has a 52 week low of $39.74 and a 52 week high of $48.98. The firm has a 50 day moving average of $41.78 and a 200-day moving average of $44.27.
Saputo (TSE:SAP) last released its earnings results on Thursday, June 1st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.06. Saputo had a return on equity of 18.57% and a net margin of 6.93%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.92 billion. On average, equities analysts predict that Saputo will post $2.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be issued a $0.16 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.48%. This is a positive change from Saputo’s previous quarterly dividend of $0.15.
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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