Saputo Inc. (SAP) Receives C$49.29 Average Price Target from Analysts

Shares of Saputo Inc. (TSE:SAP) have been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$49.29.

SAP has been the subject of a number of analyst reports. TD Securities raised shares of Saputo from a “hold” rating to a “buy” rating and upped their price objective for the company from C$48.00 to C$49.00 in a report on Wednesday, August 2nd. National Bank Financial dropped their price objective on shares of Saputo from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada raised shares of Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 price objective for the company in a report on Wednesday, July 19th.

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Saputo (TSE SAP) traded up 0.89% during trading on Friday, reaching $43.28. 324,442 shares of the company’s stock traded hands. The company has a 50-day moving average price of $42.85 and a 200 day moving average price of $43.31. The firm has a market capitalization of $16.71 billion and a PE ratio of 22.66. Saputo has a one year low of $39.74 and a one year high of $48.98.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were given a $0.16 dividend. The ex-dividend date was Thursday, August 31st. This represents a $0.64 dividend on an annualized basis and a yield of 1.48%. This is a boost from Saputo’s previous quarterly dividend of $0.15.

In other Saputo news, insider Louise St-Jean sold 838 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of C$43.39, for a total value of C$36,360.82.

About Saputo

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).

Analyst Recommendations for Saputo (TSE:SAP)

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