Saputo (TSE:SAP) Rating Increased to Strong-Buy at Ventum Financial

Saputo (TSE:SAP) was upgraded by investment analysts at Ventum Financial to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of Saputo from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Sunday, February 8th. BMO Capital Markets upped 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 report on Monday, February 9th. Scotiabank upped 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 report on Friday, February 13th. National Bank Financial cut shares of Saputo from an “outperform” rating to a “hold” rating and set a C$46.00 price objective for the company. in a research report on Monday, April 13th. Finally, TD Securities upped 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 report on Sunday, February 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$46.25.

Saputo Stock Performance

SAP opened at C$38.35 on Tuesday. The company has a debt-to-equity ratio of 59.15, a current ratio of 1.64 and a quick ratio of 0.67. The firm has a fifty day moving average price of C$42.38 and a 200 day moving average price of C$39.95. The stock has a market cap of C$15.54 billion, a P/E ratio of 24.58, a P/E/G ratio of 0.56 and a beta of 0.10. Saputo has a 1 year low of C$25.17 and a 1 year high of C$45.09.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. The company had revenue of C$4.89 billion during the quarter. Saputo had a net margin of 3.39% and a return on equity of 9.50%. Equities research analysts anticipate that Saputo will post 1.7735369 earnings per share for the current year.

Insider Activity at Saputo

In other news, insider Patrick Turcotte sold 2,071 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of C$42.18, for a total value of C$87,354.78. Following the completion of the sale, the insider directly owned 8,336 shares in the company, valued at C$351,612.48. This represents a 19.90% decrease in their ownership of the stock. Insiders have sold 2,659 shares of company stock valued at $112,169 in the last ninety days. 40.45% of the stock is owned by corporate insiders.

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.