Saputo (TSE:SAP) Price Target Raised to C$45.00 at National Bankshares

Saputo (TSE:SAP) had its price objective upped by stock analysts at National Bankshares from C$38.00 to C$45.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 8.38% from the stock’s current price.

Other analysts have also recently issued reports about the stock. BMO Capital Markets lifted their target price on shares of Saputo from C$34.00 to C$37.00 in a research note on Monday, November 10th. Scotiabank raised their price target on shares of Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. CIBC boosted their price objective on shares of Saputo from C$36.00 to C$40.00 in a report on Monday, November 10th. Finally, Desjardins upped their target price on Saputo from C$40.00 to C$45.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Saputo presently has a consensus rating of “Buy” and an average price target of C$41.25.

Saputo Stock Down 0.5%

SAP stock traded down C$0.22 on Thursday, hitting C$41.52. 182,637 shares of the company’s stock were exchanged, compared to its average volume of 805,104. The firm has a 50 day moving average price of C$40.16 and a two-hundred day moving average price of C$35.17. Saputo has a 12-month low of C$23.10 and a 12-month high of C$42.30. The stock has a market cap of C$17.02 billion, a P/E ratio of -207.60, a price-to-earnings-growth ratio of 0.56 and a beta of 0.18. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53.

Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.45 earnings per share for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%.The business had revenue of C$4.72 billion during the quarter. As a group, equities research analysts expect that Saputo will post 1.7735369 EPS for the current fiscal year.

Saputo Company Profile

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. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.