Saputo Inc. (TSE:SAP) Stock Has Consensus Target Price of C$48.10

Saputo Inc. (TSE:SAP) has received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$48.10.

SAP has been the subject of several recent analyst reports. Ventum Capital set a C$49.00 price objective on shares of Saputo and gave the stock a “buy” rating in a report on Wednesday, October 21st. Canadian Imperial Bank of Commerce set a C$45.00 target price on shares of Saputo and gave the company a “hold” rating in a research note on Thursday, October 22nd. TD increased their price target on shares of Saputo from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Jefferies Financial Group cut shares of Saputo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, National Bank Financial boosted their price objective on Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Monday, August 10th.

Saputo Stock Performance

Saputo stock opened at C$41.23 on Tuesday. Saputo has a 52 week low of C$33.41 and a 52 week high of C$45.09. 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 stock has a market cap of C$16.37 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 0.56 and a beta of 0.19. The stock has a 50 day moving average of C$39.94 and a 200-day moving average of C$41.22.

Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.49 earnings per share (EPS) for the quarter. The business had revenue of C$4.42 billion during the quarter. Saputo had a net margin of 2.80% and a return on equity of 7.45%. On average, analysts expect that Saputo will post 1.77 EPS for the current fiscal year.

Saputo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. This is a boost from Saputo’s previous quarterly dividend of $0.20. Saputo’s dividend payout ratio (DPR) is 64.52%.

Saputo Company Profile

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.