Saputo (TSE:SAP) Price Target Raised to C$49.00

Saputo (TSE:SAP) had its price target boosted by TD Securities from C$44.00 to C$49.00 in a research note released on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

SAP has been the subject of a number of other reports. Scotiabank lifted their price target on shares of Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. BMO Capital Markets raised their target price on shares of Saputo from C$34.00 to C$37.00 in a research report on Monday, November 10th. Desjardins lifted 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. CIBC boosted their price target on Saputo from C$36.00 to C$40.00 in a report on Monday, November 10th. Finally, National Bankshares raised their price objective on Saputo from C$36.00 to C$38.00 in a report on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$39.25.

Saputo Stock Up 1.4%

Shares of TSE:SAP opened at C$39.61 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The company has a market capitalization of C$16.24 billion, a P/E ratio of -198.05, a P/E/G ratio of 0.56 and a beta of 0.07. Saputo has a 52-week low of C$22.59 and a 52-week high of C$39.65. The stock’s fifty day simple moving average is C$35.15 and its 200-day simple moving average is C$31.51.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.45 EPS for the quarter. The firm had revenue of C$4.72 billion during the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%. As a group, equities research analysts forecast that Saputo will post 1.7735369 earnings per share for the current fiscal year.

Saputo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, December 12th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. Saputo’s dividend payout ratio (DPR) is -385.00%.

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.