Saputo Inc. (SAP) Stock Rating Reaffirmed by Desjardins

Saputo Inc. (TSE:SAP)‘s stock had its “hold” rating restated by Desjardins in a research report issued on Thursday. They currently have a C$46.00 price objective on the stock. Desjardins’ target price indicates a potential upside of 0.90% from the stock’s current price.

A number of other equities research analysts have also recently commented on SAP. National Bank Financial upped their target price on shares of Saputo from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a report on Wednesday, August 3rd. CIBC boosted their price target on shares of Saputo from C$40.00 to C$44.00 in a research note on Friday, June 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$42.00 price target on shares of Saputo in a research note on Friday, June 3rd. RBC Capital Markets boosted their price target on shares of Saputo from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 3rd. Finally, Scotiabank reiterated an “outperform” rating and set a C$44.00 price target on shares of Saputo in a research note on Thursday, August 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Saputo currently has a consensus rating of “Hold” and a consensus price target of C$46.00.

Saputo (TSE:SAP) opened at 45.59 on Thursday. The firm has a 50-day moving average of $44.09 and a 200-day moving average of $40.94. The stock has a market capitalization of $17.91 billion and a price-to-earnings ratio of 28.32. Saputo has a 1-year low of $28.83 and a 1-year high of $46.69.

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, September 6th were given a dividend of $0.15 per share. This is a positive change from Saputo’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, September 1st.

About Saputo

Saputo Inc is a Canada-based dairy processor and cheese producer in the United States. Saputo produces, markets, and distributes a variety of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Its products are sold in 40 countries under brand names such as Saputo, Alexis de Portneuf, Armstrong, Baxter, Dairyland, Dragone, DuVillage 1860, Friendship, Frigo Cheese Heads, Great Midwest, King’s Choice, Kingsey, La Paulina, Milk2Go, Neilson, Nutrilait, Ricrem, Salemville, Scotsburn4, Stella, Sungold and Treasure Cave.

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