Saputo (TSE:SAP) Hits New 12-Month Low – Time to Sell?

Saputo Inc. (TSE:SAP)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$22.94 and last traded at C$22.96, with a volume of 250865 shares. The stock had previously closed at C$23.31.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Desjardins set a C$34.00 target price on shares of Saputo in a research note on Monday, November 11th. Jefferies Financial Group decreased their price objective on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. BMO Capital Markets dropped their target price on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a report on Friday. Royal Bank of Canada cut their price target on Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. Finally, TD Securities decreased their price objective on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$33.81.

Saputo Stock Performance

The company has a market cap of C$9.63 billion, a P/E ratio of 36.03, a PEG ratio of 0.56 and a beta of 0.32. The stock’s 50-day moving average price is C$25.78 and its 200-day moving average price is C$28.42. The company has a debt-to-equity ratio of 53.17, a current ratio of 1.59 and a quick ratio of 0.67.

Saputo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.76 annualized dividend and a dividend yield of 3.35%. Saputo’s dividend payout ratio is presently 120.63%.

Insider Activity at Saputo

In other news, Senior Officer Leanne Cutts purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of C$26.25 per share, with a total value of C$105,000.00. 40.45% of the stock is currently owned by corporate insiders.

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.