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

Shares of Saputo Inc. (TSE:SAP) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$46.11.

A number of equities analysts recently commented on the stock. TD Securities lifted their price target on shares of Saputo from C$51.00 to C$52.00 and gave the stock a “buy” rating in a research note on Sunday, February 15th. Canadian Imperial Bank of Commerce lifted their price target on shares of Saputo from C$40.00 to C$44.00 in a research note on Friday, January 30th. Desjardins lifted their price target on shares of Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Ventum Financial set a C$47.00 price target on shares of Saputo and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada lifted their price target on shares of Saputo from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Sunday, February 8th.

Saputo Price Performance

SAP stock opened at C$42.24 on Friday. Saputo has a 12 month low of C$25.17 and a 12 month high of C$45.09. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 59.15. The company has a 50-day moving average price of C$41.41 and a 200 day moving average price of C$41.15. The stock has a market cap of C$17.12 billion, a PE ratio of 27.08, a P/E/G ratio of 0.56 and a beta of 0.10.

Saputo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, March 3rd. Saputo’s payout ratio is 50.00%.

About Saputo

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.