Saputo (TSE:SAP) Given New C$50.00 Price Target at Royal Bank of Canada

Saputo (TSE:SAP) had its price target reduced by Royal Bank of Canada from C$52.00 to C$50.00 in a report released on Friday, June 7th, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other equities analysts also recently commented on SAP. National Bank Financial raised their target price on Saputo from C$46.00 to C$47.00 and gave the stock a sector perform rating in a research report on Monday, May 27th. TD Securities raised their target price on Saputo from C$45.00 to C$47.00 and gave the stock a hold rating in a research report on Thursday, May 30th. CIBC lifted their price objective on Saputo from C$44.00 to C$47.00 in a research report on Monday, February 25th. BMO Capital Markets lifted their price objective on Saputo from C$44.00 to C$45.00 in a research report on Monday, April 29th. Finally, Desjardins lifted their price objective on Saputo from C$44.00 to C$47.00 and gave the company a buy rating in a research report on Monday, February 25th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of C$44.83.

Shares of TSE:SAP traded up C$0.17 during trading on Friday, hitting C$39.20. 437,500 shares of the stock were exchanged, compared to its average volume of 469,703. Saputo has a 1-year low of C$35.56 and a 1-year high of C$46.41. The stock has a market capitalization of $15.30 billion and a P/E ratio of 20.31. The company has a fifty day moving average price of C$42.36. The company has a quick ratio of 0.72, a current ratio of 1.62 and a debt-to-equity ratio of 44.23.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 27th were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.68%. Saputo’s payout ratio is 33.94%.

Saputo Company Profile

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.

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Analyst Recommendations for Saputo (TSE:SAP)

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