Analysts Set Saputo Inc. (TSE:SAP) PT at C$34.75

Saputo Inc. (TSE:SAP) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$35.75.

A number of equities analysts have weighed in on SAP shares. Royal Bank Of Canada upped their price target on Saputo from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. National Bankshares upped their price target on Saputo from C$29.00 to C$35.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. TD Securities upped their price target on Saputo from C$35.00 to C$38.00 and gave the stock a “buy” rating in a report on Monday, August 11th. BMO Capital Markets upped their price target on Saputo from C$27.00 to C$34.00 in a report on Monday, August 11th. Finally, Jefferies Financial Group increased their target price on Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday.

Saputo Stock Down 1.9%

TSE SAP opened at C$34.52 on Friday. The stock has a market cap of C$14.23 billion, a PE ratio of -101.53, a P/E/G ratio of 0.56 and a beta of 0.07. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$35.22. The business has a 50 day moving average price of C$33.80 and a two-hundred day moving average price of C$29.47. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, September 12th were paid a dividend of $0.20 per share. This is an increase from Saputo’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Saputo’s dividend payout ratio (DPR) is currently -223.53%.

Insider Activity at Saputo

In other Saputo news, insider Leanne Cutts bought 4,000 shares of Saputo stock in a transaction dated Friday, August 15th. The stock was bought at an average cost of C$32.93 per share, for a total transaction of C$131,720.00. Following the purchase, the insider owned 23,500 shares in the company, valued at C$773,855. This represents a 20.51% increase in their position. Company insiders own 40.45% of the company’s stock.

Saputo Company Profile

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.