Saputo Inc. (TSE:SAP) has earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$49.33.
A number of equities analysts have recently commented on the company. BMO Capital Markets cut their price objective on Saputo from C$47.00 to C$44.00 and set a “market perform” rating on the stock in a report on Friday, February 2nd. Royal Bank of Canada cut their price objective on Saputo from C$49.00 to C$48.00 in a report on Friday, February 2nd. CIBC cut their price objective on Saputo from C$52.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, February 2nd. TD Securities cut their price objective on Saputo from C$52.00 to C$50.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Finally, National Bank Financial dropped their target price on Saputo from C$49.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd.
In other news, Director Paul Corney sold 2,000 shares of Saputo stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of C$44.00, for a total value of C$88,000.00.
Saputo (TSE:SAP) opened at C$40.10 on Friday. The company has a market capitalization of $15,530.00, a PE ratio of 17.74 and a beta of -0.03. Saputo has a twelve month low of C$39.67 and a twelve month high of C$47.59.
Saputo (TSE:SAP) last released its quarterly earnings data on Thursday, February 1st. The company reported C$0.47 EPS for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.04). The firm had revenue of C$3.02 billion during the quarter, compared to analysts’ expectations 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 announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Tuesday, March 6th will be given a $0.16 dividend. The ex-dividend date is Monday, March 5th. This represents a $0.64 annualized dividend and a dividend yield of 1.60%. Saputo’s payout ratio is 27.43%.
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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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