Saputo Inc. (TSE:SAP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Saputo Inc. (TSE:SAP) has earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$39.25.

A number of research firms recently weighed in on SAP. Royal Bank Of Canada raised their price target on shares of Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. BMO Capital Markets lifted their target price on shares of Saputo from C$34.00 to C$37.00 in a research report on Monday, November 10th. CIBC boosted their target price on Saputo from C$36.00 to C$40.00 in a research note on Monday, November 10th. Scotiabank upped their target price on Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Finally, Jefferies Financial Group increased their price target on Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd.

Saputo Trading Down 0.6%

Shares of Saputo stock opened at C$38.89 on Friday. The company has a market capitalization of C$15.94 billion, a P/E ratio of -194.45, a price-to-earnings-growth ratio of 0.56 and a beta of 0.14. The stock has a fifty day simple moving average of C$35.76 and a 200 day simple moving average of C$31.90. Saputo has a 12-month low of C$22.59 and a 12-month high of C$39.94. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.45 earnings per share (EPS) for the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. The firm had revenue of C$4.72 billion for the quarter. On average, sell-side analysts anticipate that Saputo will post 1.7735369 earnings per share for the current fiscal year.

Saputo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, December 12th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Saputo’s dividend payout ratio (DPR) is currently -385.00%.

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.