TD Securities Raises Saputo (TSE:SAP) Price Target to C$42.00

Saputo (TSE:SAPGet Rating) had its target price boosted by TD Securities from C$39.00 to C$42.00 in a report published on Friday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on SAP. National Bankshares boosted their price objective on shares of Saputo from C$35.00 to C$39.00 in a research note on Friday. BMO Capital Markets boosted their price objective on shares of Saputo from C$39.00 to C$41.00 in a research note on Friday. Scotiabank dropped their price objective on shares of Saputo from C$37.00 to C$36.00 in a research note on Friday, June 10th. Royal Bank of Canada lowered their price target on shares of Saputo from C$37.00 to C$35.00 and set an outperform rating on the stock in a research note on Thursday, April 28th. Finally, CIBC upped their price target on shares of Saputo from C$35.00 to C$39.00 and gave the stock an outperform rating in a research note on Friday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of Buy and an average price target of C$38.67.

Saputo Stock Up 0.1 %

SAP stock opened at C$33.99 on Friday. The company has a fifty day moving average price of C$28.97 and a 200 day moving average price of C$28.97. Saputo has a 12 month low of C$24.61 and a 12 month high of C$37.09. The company has a market cap of C$14.20 billion and a price-to-earnings ratio of 51.50. The company has a debt-to-equity ratio of 65.26, a current ratio of 1.55 and a quick ratio of 0.62.

Saputo (TSE:SAPGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported C$0.39 EPS for the quarter, beating the consensus estimate of C$0.30 by C$0.09. The business had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.20 billion. Sell-side analysts expect that Saputo will post 1.95 earnings per share for the current year.

Saputo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 28th. Investors of record on Tuesday, June 21st were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 20th. This represents a $0.72 dividend on an annualized basis and a yield of 2.12%. Saputo’s payout ratio is 108.33%.

Insider Activity at Saputo

In other Saputo news, Director Haig Poutchigian acquired 3,329 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were purchased at an average cost of C$27.03 per share, with a total value of C$89,982.87. Following the purchase, the director now owns 8,741 shares in the company, valued at C$236,269.23. In other Saputo news, Director Louis-Philippe Carrière sold 35,000 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of C$28.54, for a total value of C$998,900.00. Following the transaction, the director now directly owns 46,435 shares in the company, valued at approximately C$1,325,254.90. Also, Director Haig Poutchigian bought 3,329 shares of Saputo stock in a transaction on Tuesday, June 14th. The stock was purchased at an average price of C$27.03 per share, for a total transaction of C$89,982.87. Following the completion of the acquisition, the director now owns 8,741 shares in the company, valued at approximately C$236,269.23.

Saputo Company Profile

(Get Rating)

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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