Saputo (TSE:SAP) Given a C$47.00 Price Target by Ventum Financial Analysts

Saputo (TSE:SAP) received a C$47.00 price objective from Ventum Financial in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum Financial’s target price would indicate a potential upside of 20.24% from the company’s current price.

Other analysts have also issued research reports about the stock. TD Securities increased their price objective on shares of Saputo from C$51.00 to C$52.00 and gave the stock a “buy” rating in a research note on Sunday, February 15th. BMO Capital Markets increased their price objective on shares of Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research note on Monday, February 9th. National Bank Financial lowered shares of Saputo from an “outperform” rating to a “hold” rating and set a C$46.00 price objective on the stock. in a research note on Monday, April 13th. Scotiabank increased their price objective on shares of Saputo from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Finally, Desjardins increased their price objective on shares of Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Saputo currently has an average rating of “Moderate Buy” and a consensus target price of C$46.33.

Saputo Stock Performance

Shares of TSE:SAP traded up C$0.74 during midday trading on Wednesday, reaching C$39.09. The company’s stock had a trading volume of 285,688 shares, compared to its average volume of 1,037,545. The firm has a market capitalization of C$15.84 billion, a PE ratio of 25.06, a P/E/G ratio of 0.56 and a beta of 0.10. Saputo has a twelve month low of C$25.17 and a twelve month high of C$45.09. The stock has a fifty day moving average of C$42.38 and a 200 day moving average of C$39.95. The company has a quick ratio of 0.67, a current ratio of 1.64 and a debt-to-equity ratio of 59.15.

Saputo (TSE:SAP) last released its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. The firm had revenue of C$4.89 billion for the quarter. Saputo had a net margin of 3.39% and a return on equity of 9.50%. On average, equities analysts expect that Saputo will post 1.7735369 EPS for the current fiscal year.

Insider Transactions at Saputo

In other Saputo news, insider Patrick Turcotte sold 2,071 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of C$42.18, for a total transaction of C$87,354.78. Following the transaction, the insider directly owned 8,336 shares of the company’s stock, valued at C$351,612.48. This trade represents a 19.90% decrease in their ownership of the stock. Insiders have sold 2,659 shares of company stock worth $112,169 over the last quarter. Company insiders own 40.45% of the company’s stock.

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.