Saputo (TSE:SAP) Price Target Raised to C$46.00

Saputo (TSE:SAP) had its target price upped by National Bank Financial from C$45.00 to C$46.00 in a research note released on Monday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on the company. Jefferies Financial Group upped their target price on Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada raised their price objective on shares of Saputo from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Sunday. Canadian Imperial Bank of Commerce boosted their target price on shares of Saputo from C$40.00 to C$44.00 in a report on Friday, January 30th. Desjardins increased their price target on shares of Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday. Finally, TD Securities raised their price target on shares of Saputo from C$49.00 to C$51.00 and gave the stock a “buy” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$44.63.

Saputo Stock Performance

SAP opened at C$42.05 on Monday. Saputo has a twelve month low of C$23.84 and a twelve month high of C$44.00. The firm has a market capitalization of C$17.04 billion, a PE ratio of -210.25, a PEG ratio of 0.56 and a beta of 0.04. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. The firm’s 50-day moving average price is C$41.09 and its 200 day moving average price is C$36.62.

Saputo (TSE:SAP) last released its earnings results on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. The business had revenue of C$4.89 billion for the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. As a group, sell-side analysts expect that Saputo will post 1.7735369 EPS for the current fiscal year.

Saputo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, December 12th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Saputo’s payout ratio is presently -385.00%.

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. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.