A number of other equities analysts have also weighed in on the company. National Bank Financial decreased their price target on Saputo from C$49.00 to C$46.00 and set a sector perform rating for the company in a research report on Friday. Royal Bank of Canada decreased their price target on Saputo from C$49.00 to C$48.00 in a research report on Friday. TD Securities set a C$52.00 price target on Saputo and gave the company a buy rating in a research report on Wednesday, January 3rd. Desjardins upgraded Saputo from a hold rating to a buy rating in a research report on Thursday, December 28th. Finally, Scotiabank decreased their price target on Saputo from C$58.00 to C$57.00 and set an outperform rating for the company in a research report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Saputo has an average rating of Buy and a consensus price target of C$49.00.
Saputo (TSE:SAP) opened at C$40.60 on Friday. Saputo has a 1 year low of C$39.74 and a 1 year high of C$47.59. The firm has a market capitalization of $15,810.00, a price-to-earnings ratio of 17.96 and a beta of -0.03.
Saputo (TSE:SAP) last released its quarterly earnings results on Thursday, February 1st. The company reported C$0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.51 by C($0.04). Saputo had a net margin of 6.42% and a return on equity of 17.20%. The company had revenue of C$3.02 billion during the quarter, compared to analyst estimates of C$2.93 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Tuesday, March 6th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.58%. Saputo’s payout ratio is presently 27.43%.
In other Saputo news, Director Paul Corney sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of C$44.00, for a total transaction of C$88,000.00.
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Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
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