Saputo (TSE:SAP – Get Free Report) was downgraded by investment analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.
Several other research firms also recently weighed in on SAP. TD dropped their target price on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating for the company in a report on Monday, June 8th. National Bank Financial reduced their target price on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a research note 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. Ventum Capital raised their price target on Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Finally, TD Securities upgraded Saputo to a “strong-buy” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$46.73.
View Our Latest Stock Analysis on SAP
Saputo Trading Down 3.6%
Saputo (TSE:SAP – Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The company reported C$0.41 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 for the quarter. On average, analysts forecast that Saputo will post 1.7735369 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Saputo news, Director Maxime Therrien sold 19,601 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$42.06, for a total value of C$824,418.06. Following the sale, the director directly owned 64,213 shares of the company’s stock, valued at approximately C$2,700,798.78. This trade represents a 23.39% decrease in their position. Also, insider Leanne Cutts sold 10,000 shares of Saputo stock in a transaction dated Monday, June 15th. The shares were sold at an average price of C$41.73, for a total value of C$417,300.00. Following the completion of the sale, the insider owned 23,790 shares of the company’s stock, valued at C$992,756.70. This trade represents a 29.59% decrease in their position. Over the last ninety days, insiders have sold 155,766 shares of company stock valued at $6,525,571. 40.45% of the stock is owned by company insiders.
Saputo Company Profile
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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