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Saputo (TSE:SAP) was downgraded by research analysts at Desjardins from a “buy” rating to a “hold” rating in a report released on Friday.

Several other analysts have also recently commented on the stock. Analysts at CSFB raised their price target on shares of Saputo from C$54.00 to C$56.00 in a research note on Thursday, June 12th. They now have a “neutral” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Saputo in a research note on Monday, June 9th. Finally, analysts at CIBC raised their price target on shares of Saputo from C$53.00 to C$62.00 in a research note on Friday, June 6th. They now have a “sector perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Saputo currently has an average rating of “Hold” and an average target price of C$61.83.

Shares of Saputo (TSE:SAP) traded down 0.37% during mid-day trading on Friday, hitting $64.80. 275,587 shares of the company’s stock traded hands. Saputo has a one year low of $46.13 and a one year high of $65.12. The stock’s 50-day moving average is $61.74 and its 200-day moving average is $56.32. The company has a market cap of $12.656 billion and a P/E ratio of 23.82.

Saputo (TSE:SAP) last announced its earnings results on Friday, June 6th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.03. On average, analysts predict that Saputo will post $3.30 earnings per share for the current fiscal year.

The company also recently declared a Quarterly dividend, which is scheduled for Thursday, July 17th. Stockholders of record on Monday, July 7th will be given a dividend of $0.2103 per share. This represents a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, July 2nd.

Saputo Inc is a dairy processor in Canada and cheese producer in the United States. The Company produces, markets and distributes an array of dairy products from Canada, the United States and Argentina, as well as bakery products from Canada.

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