TD Has Lowered Expectations for Saputo (TSE:SAP) Stock Price

Saputo (TSE:SAP – Get Free Report) had its price objective reduced by investment analysts at TD from C$52.00 to C$51.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target points to a potential upside of 23.91% from the stock’s current price.

SAP has been the subject of several other research reports. TD Securities lifted their price target on shares of Saputo from C$51.00 to C$52.00 and gave the company a “buy” rating in a research report on Sunday, February 15th. Royal Bank Of Canada lifted their price target on shares of Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Sunday, February 8th. Desjardins lifted their price target on shares of Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Ventum Financial set a C$47.00 price target on shares of Saputo and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, National Bank Financial reduced their price target on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Eight 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, Saputo currently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.73.

Get Saputo alerts:

Get Our Latest Stock Analysis on Saputo

Saputo Stock Down 3.9%

TSE SAP traded down C$1.68 during mid-day trading on Monday, hitting C$41.16. The company’s stock had a trading volume of 523,253 shares, compared to its average volume of 999,018. The company’s 50 day simple moving average is C$41.38 and its 200 day simple moving average is C$41.36. Saputo has a twelve month low of C$26.00 and a twelve month high of C$45.09. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 48.08. The firm has a market capitalization of C$16.68 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 0.56 and a beta of 0.06.

Saputo (TSE:SAP – Get Free Report) last posted its quarterly earnings results on Thursday, June 4th. The company reported C$0.41 earnings per share (EPS) for the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. The business had revenue of C$3.31 billion during the quarter. Analysts anticipate that Saputo will post 1.7735369 earnings per share for the current year.

About Saputo

(Get Free Report)

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.

Recommended Stories

• Five stocks we like better than Saputo
• 3 Stocks With Fresh Catalysts to Watch Before the July 4
• Amprius Insiders Are Selling: Should Investors Be Worried?
• A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
• A Market Rotation Toward Quality Will Benefit These 3 ETFs

Receive News & Ratings for Saputo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo and related companies with MarketBeat.com's FREE daily email newsletter.