Saputo (TSE:SAP) Given New C$35.00 Price Target at TD Securities

Saputo (TSE:SAP) had its target price decreased by TD Securities from C$37.00 to C$35.00 in a research report released on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the stock. BMO Capital Markets lowered their price target on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. CIBC dropped their target price on shares of Saputo from C$32.00 to C$29.00 in a research report on Monday, February 10th. National Bankshares reduced their price target on Saputo from C$31.00 to C$28.00 in a research report on Wednesday, January 15th. Desjardins dropped their price objective on Saputo from C$34.00 to C$31.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, Jefferies Financial Group cut their target price on Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.00.

Saputo Stock Performance

SAP stock opened at C$24.58 on Friday. The stock has a market capitalization of C$10.36 billion, a PE ratio of -65.81, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The company has a 50 day moving average price of C$24.67 and a 200 day moving average price of C$26.16. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$32.15.

Saputo Dividend Announcement

The firm also recently declared 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. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Tuesday, March 4th. Saputo’s dividend payout ratio is currently -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.