Saputo Inc. (TSE:SAP) Given Consensus Rating of “Moderate Buy” by Analysts

Saputo Inc. (TSE:SAP) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$46.25.

A number of equities analysts recently weighed in on the stock. Desjardins boosted their price objective on shares of Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, February 9th. National Bank Financial lifted their target price on Saputo from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Canadian Imperial Bank of Commerce boosted their price target on Saputo from C$40.00 to C$44.00 in a research note on Friday, January 30th. Royal Bank Of Canada increased their price objective on Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Sunday, February 8th. Finally, Scotiabank lifted their price objective on Saputo from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, February 13th.

Saputo Price Performance

SAP opened at C$42.23 on Thursday. The firm has a market cap of C$17.11 billion, a PE ratio of 27.07, a P/E/G ratio of 0.56 and a beta of 0.04. The stock has a 50-day moving average price of C$41.57 and a 200-day moving average price of C$37.54. Saputo has a 1 year low of C$23.94 and a 1 year high of C$44.00. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67.

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

Saputo Announces Dividend

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