Saputo (TSE:SAP) had its target price cut by Scotiabank from C$45.00 to C$42.00 in a research note published on Tuesday morning, BayStreet.CA reports.
Other equities research analysts also recently issued research reports about the company. National Bankshares decreased their price objective on Saputo from C$41.00 to C$39.00 and set a sector perform rating for the company in a report on Tuesday. National Bank Financial lifted their target price on Saputo to C$41.00 and gave the company a sector perform rating in a research report on Friday, August 6th. Royal Bank of Canada cut their target price on Saputo from C$47.00 to C$43.00 and set an outperform rating on the stock in a research report on Tuesday. Cfra cut their target price on Saputo from C$41.00 to C$38.00 in a research report on Tuesday, August 17th. Finally, BMO Capital Markets lifted their target price on Saputo from C$41.00 to C$42.00 and gave the company a na rating in a research report on Thursday, June 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Saputo currently has a consensus rating of Buy and an average price target of C$40.89.
TSE SAP opened at C$32.18 on Tuesday. The company has a market cap of C$13.31 billion and a price-to-earnings ratio of 24.79. Saputo has a 52 week low of C$32.05 and a 52 week high of C$42.42. The business has a 50 day moving average price of C$35.25 and a 200-day moving average price of C$37.30. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 65.36.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Shareholders of record on Tuesday, September 7th were given a $0.18 dividend. The ex-dividend date was Friday, September 3rd. This represents a $0.72 annualized dividend and a yield of 2.24%. This is a boost from Saputo’s previous quarterly dividend of $0.18. Saputo’s payout ratio is currently 53.93%.
Saputo Inc, through its subsidiaries, produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.
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