Saputo Given Consensus Rating of “Hold” by Analysts (TSE:SAP)
Saputo (TSE:SAP) has been given a consensus rating of “Hold” by the nine analysts that are presently covering the stock, AR Network reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$66.44.
Saputo (TSE:SAP) opened at 66.14 on Tuesday. Saputo has a 52-week low of $46.40 and a 52-week high of $69.24. The stock has a 50-day moving average of $66.3 and a 200-day moving average of $60.13. The company has a market cap of $12.952 billion and a price-to-earnings ratio of 23.79.
Saputo (TSE:SAP) last released its earnings data on Wednesday, August 6th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.78 by $0.05. On average, analysts predict that Saputo will post $3.21 earnings per share for the current fiscal year.
The company also recently announced a Quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Thursday, September 4th will be paid a dividend of $0.2375 per share. This represents a dividend yield of 1.57%. The ex-dividend date is Tuesday, September 2nd.
Several analysts have recently commented on the stock. Analysts at Desjardins raised their price target on shares of Saputo from C$64.00 to C$71.00 in a research note on Wednesday, August 6th. They now have a “hold” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Saputo from C$65.00 to C$66.00 in a research note on Wednesday, August 6th. They now have a “sector perform” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Saputo from C$64.00 to C$75.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock.
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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