Saputo Inc. (SAP) Given Consensus Rating of “Hold” by Analysts

Shares of Saputo Inc. (TSE:SAP) have received a consensus rating of “Hold” from the seven research firms that are covering the firm. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$49.57.

Several equities research analysts have recently commented on SAP shares. TD Securities restated a “hold” rating and issued a C$49.00 price target on shares of Saputo in a report on Monday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a C$50.00 price target on shares of Saputo in a report on Friday, February 3rd. Scotiabank restated an “outperform” rating and issued a C$54.00 price target on shares of Saputo in a report on Friday, January 27th. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$48.00 price target on shares of Saputo in a report on Thursday.

In related news, Director Karen Kinsley purchased 1,000 shares of the business’s stock in a transaction on Wednesday, February 8th. The shares were acquired at an average price of C$44.75 per share, for a total transaction of C$44,750.00. Also, insider Gabriel Palombaro sold 8,036 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of C$46.75, for a total transaction of C$375,683.00. Insiders have sold a total of 43,996 shares of company stock worth $2,004,841 in the last 90 days.

Shares of Saputo (TSE:SAP) traded down 0.04% during midday trading on Thursday, reaching $46.36. 381,122 shares of the company traded hands. The company has a 50 day moving average price of $45.84 and a 200 day moving average price of $46.35. Saputo has a 1-year low of $36.40 and a 1-year high of $48.98. The company has a market capitalization of $17.98 billion and a PE ratio of 26.19.

The business also recently declared a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Tuesday, March 7th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, March 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%.

ILLEGAL ACTIVITY WARNING: “Saputo Inc. (SAP) Given Consensus Rating of “Hold” by Analysts” was published by sleekmoney and is owned by of sleekmoney. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at http://sleekmoney.com/saputo-inc-sap-given-consensus-rating-of-hold-by-analysts/1739417.html.

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).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/saputo-inc-sap-given-consensus-rating-of-hold-by-analysts/1739417.html

Receive News & Ratings for Saputo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *