Somewhat Favorable Media Coverage Very Unlikely to Impact Saputo (SAP) Stock Price

Media stories about Saputo (TSE:SAP) have been trending somewhat positive on Sunday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Saputo earned a news impact score of 1.67 on their scale. InfoTrie also gave media coverage about the company an news buzz score of 2 out of 10, meaning that recent news coverage is very unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news articles that may have effected Saputo’s score:

Several equities analysts recently issued reports on the company. CIBC lowered their price target on Saputo from C$50.00 to C$47.00 in a research note on Wednesday, August 8th. National Bank Financial decreased their price objective on Saputo from C$45.00 to C$44.00 and set a “sector perform” rating on the stock in a report on Friday, November 2nd. Royal Bank of Canada decreased their price objective on Saputo from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a report on Monday, October 15th. Finally, Desjardins raised Saputo from a “hold” rating to a “buy” rating and set a C$45.00 price objective on the stock in a report on Wednesday, September 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Saputo has a consensus rating of “Hold” and an average target price of C$45.57.

Shares of SAP opened at C$41.29 on Friday. The company has a debt-to-equity ratio of 52.20, a quick ratio of 0.86 and a current ratio of 1.95. Saputo has a one year low of C$35.56 and a one year high of C$46.32.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, December 14th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, December 3rd. Saputo’s payout ratio is currently 33.42%.

In other Saputo news, Director Diane Nyisztor bought 900 shares of Saputo stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average cost of C$39.01 per share, with a total value of C$35,109.00. Insiders bought a total of 1,160 shares of company stock worth $45,217 over the last three months.

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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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