Saputo (TSE:SAP) Reaches New 12-Month Low – Should You Sell?

Saputo Inc. (TSE:SAP)’s stock price reached a new 52-week low on Wednesday . The company traded as low as C$24.35 and last traded at C$24.45, with a volume of 136647 shares trading hands. The stock had previously closed at C$24.63.

Wall Street Analyst Weigh In

Several brokerages recently commented on SAP. TD Securities decreased their target price on shares of Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. Royal Bank of Canada lowered 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. Jefferies Financial Group dropped their price objective on Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a report on Monday, December 23rd. BMO Capital Markets cut shares of Saputo from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$35.00 to C$30.00 in a report on Tuesday, October 15th. Finally, Desjardins set a C$34.00 target price on shares of Saputo in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$34.19.

Saputo Stock Down 1.3 %

The company has a fifty day moving average of C$26.01 and a 200 day moving average of C$28.57. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. The company has a market cap of C$10.32 billion, a P/E ratio of 38.60, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32.

Saputo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, December 10th. Saputo’s payout ratio is 120.63%.

Insider Buying and Selling at Saputo

In other Saputo news, Senior Officer Leanne Cutts purchased 4,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of C$26.25 per share, for a total transaction of C$105,000.00. 40.45% of the stock is 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.