Saputo (SAP) Upgraded at Desjardins

Desjardins upgraded shares of Saputo (TSE:SAP) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Other equities analysts also recently issued reports about the company. TD Securities increased their target price on Saputo from C$49.00 to C$52.00 and gave the stock a buy rating in a research report on Friday, October 27th. BMO Capital Markets restated a market perform rating and issued a C$47.00 price objective on shares of Saputo in a report on Friday, October 27th. Scotiabank cut their price objective on Saputo from C$58.00 to C$57.00 and set an outperform rating on the stock in a report on Friday, November 3rd. Finally, National Bank Financial cut their price objective on Saputo from C$50.00 to C$49.00 and set a sector perform rating on the stock in a report on Sunday, November 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of C$50.14.

Saputo (TSE SAP) opened at C$45.18 on Thursday. Saputo has a 12-month low of C$39.74 and a 12-month high of C$48.98. The firm has a market capitalization of $17,470.00, a PE ratio of 23.90 and a beta of 0.02.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 15th were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.42%. Saputo’s dividend payout ratio (DPR) is 32.28%.

In other news, Director Paul Corney sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of C$44.00, for a total value of C$88,000.00.

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About Saputo

Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).

Analyst Recommendations for Saputo (TSE:SAP)

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