Saputo (TSE:SAP) Price Target Cut to C$32.00 by Analysts at Jefferies Financial Group

Saputo (TSE:SAP) had its price target lowered by Jefferies Financial Group from C$36.00 to C$32.00 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the company. BMO Capital Markets lowered Saputo from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. TD Securities cut their price target on Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. Royal Bank of Canada reduced their price objective on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. Finally, Desjardins set a C$34.00 target price on shares of Saputo in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.19.

Saputo Stock Up 0.1 %

SAP stock opened at C$25.05 on Monday. The company has a market capitalization of C$10.63 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59. The business’s 50 day moving average price is C$26.52 and its two-hundred day moving average price is C$28.84. Saputo has a fifty-two week low of C$24.63 and a fifty-two week high of C$32.15.

Saputo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.76 annualized dividend and a dividend yield of 3.03%. Saputo’s payout ratio is 120.63%.

Insider Buying and Selling

In other Saputo news, Senior Officer Leanne Cutts bought 4,000 shares of Saputo stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of C$26.25 per share, with a total value of C$105,000.00. 40.45% of the stock is currently owned by corporate insiders.

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.