Saputo (TSE:SAP – Free Report) had its price target raised by Ventum from C$49.00 to C$50.00 in a report issued on Monday,BayStreet reports. The firm currently has a buy rating on the stock.
Several other analysts have also recently weighed in on the stock. 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. Desjardins boosted their price target on shares of Saputo from C$47.00 to C$49.00 and gave the stock a “buy” rating in a report on Monday. Ventum Capital set a C$49.00 price objective on shares of Saputo and gave the company a “buy” rating in a research report on Wednesday, October 21st. Scotia raised their price objective on shares of Saputo from C$49.00 to C$51.00 and gave the company a “sector outperform” rating in a report on Monday. Finally, Ventum Financial set a C$49.00 price objective on shares of Saputo and gave the stock a “buy” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$48.92.
Saputo Price Performance
SAP stock opened at C$44.46 on Monday. The company has a debt-to-equity ratio of 43.61, a current ratio of 1.70 and a quick ratio of 0.67. The firm has a market capitalization of C$17.46 billion, a P/E ratio of 30.88, a P/E/G ratio of 0.56 and a beta of 0.16. The business’s 50-day moving average is C$40.26 and its two-hundred day moving average is C$41.27. Saputo has a 1 year low of C$36.88 and a 1 year high of C$45.09.
Saputo (TSE:SAP – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported C$0.55 earnings per share (EPS) for the quarter. Saputo had a return on equity of 8.44% and a net margin of 3.29%. The business had revenue of C$4.26 billion during the quarter. Analysts anticipate that Saputo will post 1.77 earnings per share for the current fiscal year.
Saputo Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 15th. This is an increase from Saputo’s previous quarterly dividend of $0.20. Saputo’s dividend payout ratio (DPR) is currently 56.25%.
Trending Headlines about Saputo
Here are a few of the latest headlines about SAP:
- Positive Sentiment: Three reports say National Bank Financial, Ventum and Scotia expect Saputo shares to rise, suggesting supportive analyst sentiment. The headlines do not provide the analysts’ specific price targets or reasoning: National Bank Financial analyst coverage Ventum analyst coverage Scotia analyst coverage
- Neutral Sentiment: Joey Saputo has initiated a sale process for CF Montréal and has not ruled out relocation. The reports concern the soccer club, not a sale of Saputo Inc.; the available headlines do not indicate a direct effect on the company’s operations or finances. CBC News: CF Montréal sale process Sports Business Journal: sale and relocation
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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