Saputo Inc. (TSE:SAP) Director Diane Nyisztor purchased 1,000 shares of the stock in a transaction on Wednesday, June 14th. The shares were purchased at an average price of C$41.93 per share, with a total value of C$41,930.00.
Saputo Inc. (TSE SAP) traded down 0.40% on Friday, reaching $41.90. 2,554,322 shares of the company’s stock traded hands. The stock has a 50-day moving average of $43.92 and a 200 day moving average of $45.63. The firm has a market capitalization of $16.18 billion and a P/E ratio of 22.77. Saputo Inc. has a 52 week low of $36.40 and a 52 week high of $48.98.
Saputo (TSE:SAP) last released its quarterly earnings results on Thursday, June 1st. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by $0.06. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.92 billion. On average, equities analysts expect that Saputo Inc. will post $2.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 27th. Stockholders of record on Tuesday, June 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Tuesday, June 13th.
Several research analysts have commented on SAP shares. Royal Bank of Canada reiterated a “sector perform” rating and set a C$50.00 price target on shares of Saputo in a report on Tuesday, April 11th. BMO Capital Markets reiterated a “market perform” rating and set a C$48.00 price target on shares of Saputo in a report on Thursday, April 13th. Desjardins upgraded shares of Saputo from a “hold” rating to a “buy” rating and set a C$47.00 price target for the company in a report on Friday, June 2nd. CIBC lowered their price target on shares of Saputo from C$54.00 to C$51.00 in a report on Friday, June 2nd. Finally, TD Securities lowered their price target on shares of Saputo from C$49.00 to C$48.00 and set a “hold” rating for the company in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$48.86.
Saputo Company Profile
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).
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