Saputo (TSE:SAP) Given New C$36.00 Price Target at Desjardins

Saputo (TSE:SAP) had its target price lifted by Desjardins from C$31.00 to C$36.00 in a research note published on Monday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for Saputo’s Q2 2026 earnings at $0.46 EPS, Q3 2026 earnings at $0.53 EPS, Q4 2026 earnings at $0.47 EPS, FY2026 earnings at $1.90 EPS and FY2027 earnings at $2.18 EPS.

A number of other equities research analysts have also recently issued reports on SAP. National Bankshares upped their price objective on shares of Saputo from C$29.00 to C$35.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank Of Canada boosted their price target on Saputo from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. BMO Capital Markets increased their price objective on Saputo from C$27.00 to C$34.00 in a report on Monday. Scotiabank lowered their price objective on Saputo from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a report on Monday, June 9th. Finally, TD Securities increased their price objective on Saputo from C$35.00 to C$38.00 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$34.63.

Saputo Stock Performance

SAP stock opened at C$33.07 on Monday. The firm has a 50 day moving average of C$28.12 and a two-hundred day moving average of C$26.32. Saputo has a 12 month low of C$22.59 and a 12 month high of C$33.26. The company has a market capitalization of C$13.94 billion, a price-to-earnings ratio of -88.54, a P/E/G ratio of 0.56 and a beta of 0.32. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 26th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 17th. Saputo’s payout ratio is currently -203.48%.

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.