Saputo Inc. (TSE:SAP – Get Free Report) insider Leanne Cutts sold 10,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$41.73, for a total transaction of C$417,300.00. Following the transaction, the insider owned 23,790 shares in the company, valued at approximately C$992,756.70. The trade was a 29.59% decrease in their ownership of the stock.
Saputo Stock Down 1.1%
Saputo stock traded down C$0.47 during midday trading on Tuesday, hitting C$41.40. 731,852 shares of the company’s stock were exchanged, compared to its average volume of 1,017,883. The company has a debt-to-equity ratio of 48.08, a quick ratio of 0.67 and a current ratio of 1.71. Saputo Inc. has a 12 month low of C$26.35 and a 12 month high of C$45.09. The firm has a 50-day moving average of C$41.19 and a two-hundred day moving average of C$41.51. The company has a market cap of C$16.58 billion, a PE ratio of 25.40, a P/E/G ratio of 0.56 and a beta of 0.06.
Saputo (TSE:SAP – Get Free Report) last issued its earnings results on Thursday, June 4th. The company reported C$0.41 earnings per share (EPS) for the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. The company had revenue of C$3.31 billion for the quarter. As a group, analysts expect that Saputo Inc. will post 1.7735369 earnings per share for the current fiscal year.
Saputo Announces Dividend
Wall Street Analyst Weigh In
Several brokerages have issued reports on SAP. Ventum Financial set a C$47.00 target price on shares of Saputo and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Ventum Capital increased their price target on shares of Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, June 8th. TD decreased their price target on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Finally, National Bank Financial decreased their price target on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$46.73.
Read Our Latest Stock Analysis on SAP
About Saputo
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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