Saputo Inc. (TSE:SAP – Get Rating) – Stock analysts at National Bank Financial raised their Q4 2023 earnings per share (EPS) estimates for Saputo in a report issued on Sunday, February 12th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $0.43 per share for the quarter, up from their prior forecast of $0.42. The consensus estimate for Saputo’s current full-year earnings is $1.98 per share.
SAP has been the topic of a number of other reports. Royal Bank of Canada increased their price target on Saputo from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Scotiabank lifted their price target on Saputo from C$38.00 to C$39.00 in a research note on Monday. National Bankshares lifted their price target on Saputo from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a report on Monday. CIBC lifted their price target on shares of Saputo from C$39.00 to C$43.00 and gave the company an “outperform” rating in a research report on Monday. Finally, TD Securities boosted their price objective on shares of Saputo from C$44.00 to C$46.00 and gave the company a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Saputo presently has a consensus rating of “Moderate Buy” and an average target price of C$43.17.
Saputo Stock Performance
Saputo stock opened at C$36.32 on Wednesday. The business has a 50 day moving average price of C$34.98 and a two-hundred day moving average price of C$33.85. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 58.77. The stock has a market cap of C$15.22 billion and a price-to-earnings ratio of 37.44. Saputo has a 12 month low of C$24.61 and a 12 month high of C$37.50.
Saputo Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Tuesday, March 7th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Monday, March 6th. Saputo’s payout ratio is presently 74.23%.
Saputo Company Profile
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.
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