Saputo (TSE:SAP) Reaches New 12-Month High at $30.41

Shares of Saputo Inc. (TSE:SAPGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$30.41 and last traded at C$30.29, with a volume of 117275 shares. The stock had previously closed at C$30.20.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SAP shares. BMO Capital Markets upped their price target on Saputo from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. TD Securities upped their target price on Saputo from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Monday, June 10th. CIBC upped their target price on Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Desjardins upped their target price on Saputo from C$33.00 to C$35.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, National Bankshares upped their target price on Saputo from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$35.79.

View Our Latest Stock Analysis on Saputo

Saputo Stock Performance

The company has a debt-to-equity ratio of 58.27, a current ratio of 1.55 and a quick ratio of 0.67. The company has a market capitalization of C$13.02 billion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 0.21 and a beta of 0.32. The firm’s fifty day simple moving average is C$27.64 and its 200 day simple moving average is C$27.28.

Saputo (TSE:SAPGet Free Report) last posted its quarterly earnings results on Thursday, June 6th. The company reported C$0.37 EPS for the quarter, meeting the consensus estimate of C$0.37. Saputo had a net margin of 1.92% and a return on equity of 4.76%. The company had revenue of C$4.55 billion for the quarter, compared to analyst estimates of C$4.25 billion. On average, research analysts predict that Saputo Inc. will post 1.915804 EPS for the current year.

Saputo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, June 18th. Saputo’s dividend payout ratio (DPR) is presently 94.87%.

Insider Activity

In other Saputo news, Senior Officer Sindy Saragoca bought 1,361 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were purchased at an average cost of C$29.39 per share, for a total transaction of C$39,999.79. Insiders own 42.11% of the company’s stock.

Saputo Company Profile

(Get Free Report)

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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