Ventum Capital set a C$49.00 price objective on Saputo (TSE:SAP – Free Report) in a research report sent to investors on Wednesday morning,BayStreet reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts have also recently weighed in on the company. Jefferies Financial Group cut Saputo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Ventum Financial set a C$49.00 price target on Saputo and gave the stock a “buy” rating in a research report on Monday, August 10th. National Bank Financial raised their price target on Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Finally, TD lifted their price objective on Saputo from C$51.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, August 10th. One 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 company has an average rating of “Moderate Buy” and a consensus target price of C$48.10.
View Our Latest Analysis on SAP
Saputo Stock Down 1.4%
Shares of TSE SAP opened at C$40.48 on Wednesday. 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 firm 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 stock has a 50 day moving average price of C$39.99 and a 200 day moving average price of C$40.78. Saputo has a 52-week low of C$33.14 and a 52-week high of C$45.09.
Saputo (TSE:SAP – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.49 earnings per share (EPS) for the quarter. The company had revenue of C$4.42 billion for the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. Sell-side analysts expect that Saputo will post 1.77 earnings per share for the current 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 paid a dividend of $0.21 per share. This is a boost from Saputo’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 15th. Saputo’s payout ratio is 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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