Saputo (TSE:SAP) PT Raised to C$35.00

Saputo (TSE:SAPFree Report) had its price objective hoisted by BMO Capital Markets from C$34.00 to C$35.00 in a report released on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on SAP. National Bankshares lifted their price target on Saputo from C$33.00 to C$35.00 and gave the company an outperform rating in a research report on Monday. CIBC increased their price target on shares of Saputo from C$35.00 to C$37.00 and gave the stock an outperform rating in a report on Monday. Scotiabank lifted their price target on Saputo from C$31.50 to C$32.50 and gave the stock an outperform rating in a research note on Monday, February 12th. Royal Bank of Canada upped their price objective on Saputo from C$36.00 to C$39.00 and gave the stock an outperform rating in a report on Tuesday, June 4th. Finally, TD Securities raised their price objective on Saputo from C$36.00 to C$37.00 and gave the company a buy rating in a report on Monday. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of C$35.19.

View Our Latest Research Report on SAP

Saputo Price Performance

SAP opened at C$29.50 on Monday. The firm has a 50-day moving average price of C$27.23 and a 200-day moving average price of C$27.11. Saputo has a twelve month low of C$25.28 and a twelve month high of C$31.63. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 58.27. The company has a market capitalization of C$12.52 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 0.21 and a beta of 0.32.

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Tuesday, June 18th will be given a dividend of $0.185 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.74 annualized dividend and a yield of 2.51%. Saputo’s payout ratio is 94.87%.

Saputo Company Profile

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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.

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Analyst Recommendations for Saputo (TSE:SAP)

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