Saputo (TSE:SAP) Price Target Cut to C$28.00 by Analysts at National Bankshares

Saputo (TSE:SAP) had its price target trimmed by National Bankshares from C$31.00 to C$28.00 in a research note published on Wednesday,BayStreet.CA reports.

Several other research firms have also recently issued reports on SAP. Royal Bank of Canada dropped their target price on Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. BMO Capital Markets dropped their price objective on Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Jefferies Financial Group reduced their target price on Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Desjardins set a C$34.00 price target on shares of Saputo in a research note on Monday, November 11th. Finally, TD Securities cut their price target on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$32.94.

Saputo Trading Up 0.0 %

Shares of Saputo stock opened at C$23.07 on Wednesday. The firm has a market cap of C$9.79 billion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. Saputo has a 52-week low of C$22.65 and a 52-week high of C$32.15. The company’s 50-day simple moving average is C$25.70 and its 200-day simple moving average is C$28.38. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17.

Saputo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, December 10th. Saputo’s payout ratio is currently 120.63%.

Insider Buying and Selling at Saputo

In related news, Senior Officer Leanne Cutts acquired 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of C$26.25 per share, for a total transaction of C$105,000.00. 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.