Saputo Inc. (TSE:SAP) Stock Has Consensus Target Price of C$48.10

Shares of Saputo Inc. (TSE:SAP) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$48.10.

SAP has been the topic of several research reports. Ventum Capital set a C$49.00 price objective on shares of Saputo and gave the company a “buy” rating in a report on Wednesday, October 21st. Canadian Imperial Bank of Commerce set a C$45.00 target price on Saputo and gave the stock a “hold” rating in a report on Thursday, October 22nd. TD upped their price objective on Saputo from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Ventum Financial set a C$49.00 price target on shares of Saputo and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group cut shares of Saputo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th.

Saputo Stock Performance

Shares of TSE SAP opened at C$40.08 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 41.86. Saputo has a 12 month low of C$33.14 and a 12 month high of C$45.09. The stock has a 50 day moving average of C$39.95 and a 200-day moving average of C$41.21. The company has a market capitalization of C$15.91 billion, a P/E ratio of 32.32, a P/E/G ratio of 0.56 and a beta of 0.19.

Saputo (TSE:SAP) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.49 earnings per share for the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. The business had revenue of C$4.42 billion for the quarter. As a group, equities research analysts predict that Saputo will post 1.77 EPS for the current year.

Saputo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This is a boost from Saputo’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. Saputo’s payout ratio is presently 64.52%.

About Saputo

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.