Saputo (TSE:SAP) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Saputo (TSE:SAP) had its target price hoisted by Jefferies Financial Group from C$38.00 to C$40.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 15.87% from the company’s previous close.

Several other equities research analysts have also recently issued reports on SAP. National Bankshares lifted their price objective on Saputo from C$29.00 to C$35.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. BMO Capital Markets raised their target price on shares of Saputo from C$27.00 to C$34.00 in a research note on Monday, August 11th. Scotiabank raised their target price on shares of Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Desjardins raised their target price on shares of Saputo from C$31.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, TD Securities raised their target price on shares of Saputo from C$35.00 to C$38.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$35.75.

Saputo Trading Down 1.9%

SAP stock opened at C$34.52 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. Saputo has a 12-month low of C$22.59 and a 12-month high of C$35.22. The stock has a market cap of C$14.23 billion, a price-to-earnings ratio of -101.53, a PEG ratio of 0.56 and a beta of 0.07. The business’s 50-day moving average is C$33.80 and its 200 day moving average is C$29.47.

Insider Activity at Saputo

In other news, insider Leanne Cutts purchased 4,000 shares of Saputo stock in a transaction dated Friday, August 15th. The shares were purchased at an average price of C$32.93 per share, with a total value of C$131,720.00. Following the transaction, the insider owned 23,500 shares in the company, valued at C$773,855. This represents a 20.51% increase in their ownership of the stock. Insiders own 40.45% of the company’s stock.

About Saputo

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight.