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

Shares of Saputo Inc. (TSE:SAP) have earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$41.75.

Several equities research analysts have weighed in on the company. BMO Capital Markets increased their price objective on Saputo from C$37.00 to C$41.00 and gave the stock a “market perform” rating in a report on Friday. CIBC upped their target price on Saputo from C$36.00 to C$40.00 in a report on Monday, November 10th. Desjardins raised their price target on Saputo from C$40.00 to C$45.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Scotiabank boosted their price objective on shares of Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Finally, National Bankshares upped their price objective on shares of Saputo from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday.

Saputo Price Performance

Shares of Saputo stock opened at C$41.99 on Friday. The company’s fifty day simple moving average is C$40.32 and its two-hundred day simple moving average is C$35.37. Saputo has a 12-month low of C$23.10 and a 12-month high of C$42.30. The firm has a market cap of C$17.21 billion, a PE ratio of -209.95, a price-to-earnings-growth ratio of 0.56 and a beta of 0.18. 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 earnings results on Thursday, November 6th. The company reported C$0.45 earnings per share for the quarter. The company had revenue of C$4.72 billion during the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. As a group, equities analysts expect that Saputo will post 1.7735369 EPS for the current year.

Saputo Dividend Announcement

The business also recently disclosed 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 was Tuesday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.9%. Saputo’s dividend payout ratio (DPR) is -385.00%.

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.