Saputo (OTCMKTS:SAPIF – Get Free Report) will likely be announcing its results after the market closes on Thursday, November 5th. Analysts expect Saputo to post earnings of $0.3470 per share and revenue of $2.95 billion for the quarter.
Saputo Stock Down 1.0%
SAPIF stock opened at $29.35 on Wednesday. The business has a 50-day simple moving average of $28.44 and a 200 day simple moving average of $29.67. Saputo has a 52 week low of $24.05 and a 52 week high of $32.49.
Wall Street Analysts Forecast Growth
SAPIF has been the subject of several analyst reports. Jefferies Financial Group cut shares of Saputo to a “hold” rating in a research report on Friday, July 24th. Canadian Imperial Bank of Commerce started coverage on shares of Saputo in a research report on Thursday, October 22nd. They set a “neutral” rating on the stock. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on Saputo
Saputo Company Profile
Saputo Inc is a Canadian dairy processor and one of the largest dairy companies in the world. Founded in Montreal in 1954 by Lino Saputo, the company produces, distributes and markets a broad range of dairy products for retail, foodservice and industrial customers.
Its product portfolio includes cheese, fluid milk, cream, cultured dairy products, butter, dairy ingredients, milk powders, whey products and other specialty dairy items. Saputo markets products under a range of established regional and international brands, as well as through private-label and business-to-business offerings.
Saputo operates manufacturing facilities and distribution networks across Canada, the United States, Australia, Argentina and the United Kingdom, serving customers in domestic and international markets.
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