Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Desjardins set a C$34.00 price target on shares of Saputo in a report on Monday, November 11th.
Royal Bank of Canada lowered their target price on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. Jefferies Financial Group reduced their price target on Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. TD Securities decreased their price objective on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Finally, BMO Capital Markets dropped their target price on Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research note on Friday.
👉Saputo COO Frank Guido steps down after three months in role
One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$33.81.
Saputo Stock Down 1.1 %
The stock has a market capitalization of C$9.79 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 53.17, a current ratio of 1.59 and a quick ratio of 0.67. The business’s fifty day moving average price is C$25.70 and its two-hundred day moving average price is C$28.38.
Saputo Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, December 10th. Saputo’s payout ratio is 120.63%.
Insider Buying and Selling
In related news, Senior Officer Leanne Cutts acquired 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th.
The stock was acquired at an average price of C$26.25 per share, with a total value of C$105,000.00. Corporate insiders own 40.45% of the company’s stock.
About Saputo
Saputo Inc 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.
