Saputo (TSE:SAP – Get Free Report) issued its earnings results on Thursday. The company reported C$0.41 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$3.31 billion during the quarter. Saputo had a return on equity of 9.50% and a net margin of 3.39%.
Saputo Stock Performance
Saputo stock traded down C$0.21 during mid-day trading on Thursday, hitting C$42.70. 760,531 shares of the company’s stock traded hands, compared to its average volume of 999,712. The company has a market cap of C$17.30 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 0.56 and a beta of 0.10. The firm has a 50 day moving average price of C$41.40 and a 200 day moving average price of C$41.29. Saputo has a one year low of C$25.17 and a one year high of C$45.09. The company has a quick ratio of 0.67, a current ratio of 1.64 and a debt-to-equity ratio of 59.15.
Analysts Set New Price Targets
Several equities analysts recently issued reports on SAP shares. Scotiabank increased their price objective on shares of Saputo from C$47.00 to C$49.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Desjardins increased their price target on Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. National Bank Financial decreased their target price on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Ventum Financial set a C$47.00 target price on Saputo and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada boosted 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 note on Sunday, February 8th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$46.11.
About Saputo
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.
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