Ventum Financial Analysts Give Saputo (TSE:SAP) a C$49.00 Price Target

Ventum Financial set a C$49.00 target price on Saputo (TSE:SAPFree Report) in a report released on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on SAP. Ventum Capital upped their price target on shares of Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Jefferies Financial Group downgraded shares of Saputo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. TD lifted their target price on shares of Saputo from C$51.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday. National Bank Financial upped their target price on shares of Saputo from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, TD Securities raised shares of Saputo to a “strong-buy” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$47.18.

Read Our Latest Stock Report on SAP

Saputo Stock Up 0.0%

SAP stock opened at C$42.19 on Monday. The business’s 50-day moving average price is C$41.30 and its 200-day moving average price is C$41.67. The stock has a market cap of C$16.75 billion, a P/E ratio of 34.02, a PEG ratio of 0.56 and a beta of 0.15. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 41.86. Saputo has a twelve month low of C$32.44 and a twelve month high of C$45.09.

Saputo (TSE:SAPGet Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. Saputo had a net margin of 2.80% and a return on equity of 7.45%. The company had revenue of C$4.42 billion during the quarter. On average, equities research analysts forecast that Saputo will post 1.7735369 EPS for the current year.

Saputo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Saputo’s payout ratio is currently 64.52%.

Insiders Place Their Bets

In other Saputo news, insider Martin Gagnon sold 26,806 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of C$41.78, for a total value of C$1,119,954.68. Following the completion of the transaction, the insider directly owned 31,362 shares in the company, valued at C$1,310,304.36. This represents a 46.08% decrease in their position. Also, Director Steven Michael Douglas sold 19,777 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of C$41.90, for a total transaction of C$828,656.30. Following the sale, the director directly owned 12,917 shares of the company’s stock, valued at approximately C$541,222.30. This trade represents a 60.49% decrease in their ownership of the stock. Over the last quarter, insiders have sold 155,766 shares of company stock valued at $6,525,571. 40.45% of the stock is owned by company insiders.

About Saputo

(Get Free Report)

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.

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Analyst Recommendations for Saputo (TSE:SAP)

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