Saputo (SAP) Sets New 52-Week Low at $39.67

Saputo Inc. (TSE:SAP) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$39.67 and last traded at C$39.89, with a volume of 495498 shares trading hands. The stock had previously closed at C$40.60.

A number of equities research analysts recently issued reports on the company. TD Securities raised their price target on Saputo from C$49.00 to C$52.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. BMO Capital Markets reissued a “market perform” rating and set a C$47.00 price target on shares of Saputo in a research note on Friday, October 27th. National Bank Financial reissued a “sector perform” rating and set a C$50.00 price target on shares of Saputo in a research note on Monday, October 30th. Desjardins lowered Saputo from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Scotiabank decreased their price target on Saputo from C$58.00 to C$57.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$49.00.

The stock has a market capitalization of $15,810.00, a P/E ratio of 17.84 and a beta of -0.03.

Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, February 1st. The company reported C$0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.51 by C($0.04). The business had revenue of C$3.02 billion for the quarter, compared to the consensus estimate of C$2.93 billion. Saputo had a return on equity of 17.20% and a net margin of 6.42%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Tuesday, March 6th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, March 5th. This represents a $0.64 annualized dividend and a yield of 1.59%. Saputo’s payout ratio is currently 27.43%.

In other Saputo news, Director Paul Corney sold 2,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of C$44.00, for a total transaction of C$88,000.00.

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About Saputo

Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).

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