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

Saputo Inc. (TSE:SAP) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat.com 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 target price among brokers that have issued ratings on the stock in the last year is C$40.38.

A number of analysts have recently commented on the company. Scotiabank boosted their price target on Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. BMO Capital Markets lifted their price objective on Saputo from C$34.00 to C$37.00 in a research note on Monday, November 10th. National Bankshares increased their target price on Saputo from C$36.00 to C$38.00 in a research note on Monday, November 10th. CIBC raised their price target on Saputo from C$36.00 to C$40.00 in a report on Monday, November 10th. Finally, Jefferies Financial Group lifted their price target on Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd.

Saputo Stock Up 0.1%

Shares of Saputo stock opened at C$41.14 on Wednesday. Saputo has a 1 year low of C$22.59 and a 1 year high of C$41.93. The firm has a market cap of C$16.87 billion, a price-to-earnings ratio of -205.70, a PEG ratio of 0.56 and a beta of 0.14. The company has a 50-day moving average of C$38.16 and a 200 day moving average of C$33.67. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67.

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

Saputo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, December 12th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.9%. Saputo’s payout ratio is -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. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.