Saputo (TSE:SAP – Get Free Report) had its price objective lifted by equities research analysts at National Bank Financial from C$47.00 to C$48.00 in a research report issued on Monday, BayStreet reports. The brokerage presently has a “sector outperform” rating on the stock. National Bank Financial‘s price target indicates a potential upside of 8.06% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Saputo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Ventum Financial set a C$49.00 target price on Saputo and gave the company a “buy” rating in a research note on Monday, August 10th. TD boosted their target price on Saputo from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Scotia boosted their target price on Saputo from C$49.00 to C$51.00 and gave the company a “sector outperform” rating in a research report on Monday. Finally, Canadian Imperial Bank of Commerce set a C$45.00 price target on Saputo and gave the stock a “hold” rating in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.92.
Read Our Latest Research Report on Saputo
Saputo Trading Up 1.0%
SAP traded up C$0.43 during trading on Monday, hitting C$44.42. The company’s stock had a trading volume of 515,301 shares, compared to its average volume of 892,257. The firm has a market capitalization of C$17.45 billion, a P/E ratio of 35.82, a PEG ratio of 0.56 and a beta of 0.16. Saputo has a twelve month low of C$35.50 and a twelve month high of C$45.09. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 41.86. The stock’s fifty day moving average price is C$40.03 and its 200-day moving average price is C$41.23.
Saputo (TSE:SAP – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported C$0.55 earnings per share for the quarter. Saputo had a net margin of 2.80% and a return on equity of 7.45%. The company had revenue of C$4.26 billion during the quarter. Analysts anticipate that Saputo will post 1.77 EPS for the current year.
About Saputo
Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.
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