Saputo Inc. (SAP) Given Average Rating of “Buy” by Analysts
Shares of Saputo Inc. (TSE:SAP) have earned a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$49.29.
SAP has been the topic of several research reports. Royal Bank Of Canada cut their price target on shares of Saputo from C$50.00 to C$48.00 and set a “sector perform” rating on the stock 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 target on the stock in a report on Friday, June 2nd. CIBC cut their price target on shares of Saputo from C$54.00 to C$51.00 in a report on Friday, June 2nd. TD Securities cut their price target 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. Finally, National Bank Financial cut their price target on shares of Saputo from C$48.00 to C$47.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 26th.
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Saputo (SAP) opened at 42.36 on Wednesday. The company has a 50 day moving average of $42.74 and a 200-day moving average of $43.70. Saputo has a 12-month low of $39.74 and a 12-month high of $48.98. The stock has a market cap of $16.36 billion and a P/E ratio of 22.18.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.16 per share. This is a boost from Saputo’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.51%.
In other news, insider Louise St-Jean sold 838 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of C$43.39, for a total transaction of C$36,360.82.
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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