Saputo Inc. (TSE:SAP) Stock Has Average Price Target of C$47.18

Saputo Inc. (TSE:SAP) has been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$47.18.

Several research analysts recently issued reports on the stock. National Bank Financial upped their target price on shares of Saputo from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. TD Securities upgraded Saputo to a “strong-buy” rating in a research report on Monday, June 22nd. Ventum Financial set a C$49.00 price target on Saputo and gave the stock a “buy” rating in a research note on Monday, August 10th. Jefferies Financial Group cut Saputo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Finally, TD boosted their target price on Saputo from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, August 10th.

Saputo Stock Down 1.1%

SAP stock opened at C$37.83 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 41.86. The company’s 50 day moving average is C$40.31 and its 200 day moving average is C$41.07. The stock has a market cap of C$15.02 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 0.56 and a beta of 0.19. Saputo has a 1-year low of C$33.01 and a 1-year high of C$45.09.

Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.49 EPS for the quarter. The firm had revenue of C$4.42 billion for the quarter. Saputo had a net margin of 2.80% and a return on equity of 7.45%. Sell-side analysts predict that Saputo will post 1.7735369 EPS for the current fiscal year.

Saputo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were paid a $0.21 dividend. This is a boost from Saputo’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Saputo’s payout ratio is presently 64.52%.

About Saputo

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.