Canadian Imperial Bank of Commerce set a C$45.00 target price on Saputo (TSE:SAP – Free Report) in a research report report published on Thursday, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.
A number of other equities research analysts also recently commented on the company. Ventum Financial set a C$49.00 target price on Saputo and gave the stock a “buy” rating in a research report on Monday, August 10th. Ventum Capital set a C$49.00 price objective on Saputo and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group downgraded Saputo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. TD raised their target price on shares of Saputo from C$51.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, National Bank Financial increased their price objective on shares of Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$48.10.
View Our Latest Analysis on Saputo
Saputo Stock Performance
SAP opened at C$40.48 on Thursday. The company has a debt-to-equity ratio of 41.86, a quick ratio of 0.67 and a current ratio of 1.51. The stock has a market capitalization of C$16.07 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 0.56 and a beta of 0.19. The company has a fifty day moving average of C$39.99 and a 200 day moving average of C$40.78. Saputo has a fifty-two week low of C$33.14 and a fifty-two week high of C$45.09.
Saputo (TSE:SAP – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.49 EPS for the quarter. Saputo had a net margin of 2.80% and a return on equity of 7.45%. The business had revenue of C$4.42 billion for the quarter. As a group, sell-side analysts forecast that Saputo will post 1.77 earnings per share for the current fiscal year.
Saputo Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. This is a boost from Saputo’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, September 15th. Saputo’s dividend payout ratio (DPR) is currently 64.52%.
Saputo Company Profile
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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