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

Saputo Inc. (TSE:SAP) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$46.25.

SAP has been the subject of several recent research reports. BMO Capital Markets increased their price target on Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a report on Monday, February 9th. Desjardins upped their price objective on shares of Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Scotiabank raised their target price on shares of Saputo from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. National Bank Financial lifted their target price on shares of Saputo from C$45.00 to C$46.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Finally, Jefferies Financial Group boosted their price target on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd.

Saputo Stock Performance

TSE SAP opened at C$42.22 on Thursday. The firm has a market cap of C$17.11 billion, a P/E ratio of 27.06, a P/E/G ratio of 0.56 and a beta of 0.04. Saputo has a 52-week low of C$23.94 and a 52-week high of C$44.00. The business’s 50-day moving average price is C$41.43 and its 200 day moving average price is C$37.09. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%.The company had revenue of C$4.89 billion during the quarter. On average, equities research analysts expect that Saputo will post 1.7735369 earnings per share for the current year.

Saputo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, December 12th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.9%. Saputo’s payout ratio is presently 50.00%.

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.