Saputo Inc. (TSE:SAP) Given Consensus Rating of “Buy” by Analysts
Saputo Inc. (TSE:SAP) has received an average recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$48.86.
A number of brokerages have weighed in on SAP. Royal Bank Of Canada upgraded shares of Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 price objective on the stock in a report on Wednesday, July 19th. BMO Capital Markets restated a “market perform” rating and issued a C$48.00 price objective on shares of Saputo in a report on Thursday, April 13th. CIBC cut their price objective on shares of Saputo from C$54.00 to C$51.00 in a report on Friday, June 2nd. Desjardins upgraded shares of Saputo from a “hold” rating to a “buy” rating and set a C$47.00 price objective on the stock in a report on Friday, June 2nd. Finally, TD Securities cut their price objective on shares of Saputo from C$49.00 to C$48.00 and set a “hold” rating on the stock in a report on Friday, June 2nd.
Shares of Saputo (TSE SAP) opened at 41.80 on Tuesday. The firm has a market capitalization of $16.14 billion and a P/E ratio of 22.72. Saputo has a 52 week low of $38.75 and a 52 week high of $48.98. The stock has a 50 day moving average price of $41.70 and a 200 day moving average price of $44.66.
Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, June 1st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.06. Saputo had a net margin of 6.07% and a return on equity of 15.26%. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Analysts forecast that Saputo will post $2.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 27th. Shareholders of record on Tuesday, June 27th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, June 13th.
In other news, Director Diane Nyisztor purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were purchased at an average price of C$41.93 per share, for a total transaction of C$41,930.00. In the last quarter, insiders have bought 2,190 shares of company stock worth $93,037.
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Saputo Company Profile
Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
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