Saputo (TSE:SAP) Price Target Raised to C$52.00

Saputo (TSE:SAP) had its price objective increased by TD Securities from C$51.00 to C$52.00 in a research note published on Sunday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research firms have also recently issued reports on SAP. Canadian Imperial Bank of Commerce lifted their price objective on shares of Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. National Bank Financial lifted their price target on Saputo from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. BMO Capital Markets upped their price objective on Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research report on Monday, February 9th. Desjardins increased their price objective on Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Royal Bank Of Canada raised their target price on Saputo from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Sunday, February 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$46.25.

Saputo Stock Performance

Shares of SAP opened at C$42.26 on Friday. Saputo has a 1 year low of C$23.94 and a 1 year high of C$44.00. The stock has a market capitalization of C$17.13 billion, a PE ratio of 27.09, a PEG ratio of 0.56 and a beta of 0.04. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. The stock has a 50-day simple moving average of C$41.39 and a 200-day simple moving average of C$37.06.

Saputo (TSE:SAP) last issued its earnings results on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. The firm had revenue of C$4.89 billion for the quarter. On average, analysts predict that Saputo will post 1.7735369 earnings per share for the current fiscal year.

Saputo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, December 12th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Saputo’s dividend payout ratio is 50.00%.

Saputo Company Profile

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. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.