Saputo (TSE:SAP) Given a C$28.00 Price Target at National Bankshares

National Bankshares set a C$28.00 price objective on Saputo (TSE:SAP) in a report published on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

SAP has been the topic of several other reports. Desjardins reduced their price objective on Saputo from C$34.00 to C$31.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada decreased their price objective on Saputo from C$38.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. BMO Capital Markets cut their target price on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. Scotiabank upgraded shares of Saputo to a “strong-buy” rating in a research note on Tuesday, April 1st. Finally, Jefferies Financial Group dropped their price objective on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Saputo presently has a consensus rating of “Buy” and a consensus price target of C$31.00.

Saputo Price Performance

Shares of SAP opened at C$24.09 on Monday. The company has a market cap of C$10.16 billion, a P/E ratio of -64.50, a PEG ratio of 0.56 and a beta of 0.32. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$32.15. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The firm’s 50 day moving average price is C$24.86 and its 200 day moving average price is C$25.90.

Saputo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.76 annualized dividend and a dividend yield of 3.15%. Saputo’s dividend payout ratio is presently -203.48%.

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.