Saputo Inc. (TSE:SAP) was upgraded by equities research analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a report released on Wednesday, July 19th. The firm currently has a C$48.00 target price on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 9.99% from the stock’s current price.
A number of other research analysts have also issued reports on SAP. BMO Capital Markets restated a “market perform” rating and set a C$48.00 price objective on shares of Saputo in a research report on Thursday, April 13th. Desjardins upgraded Saputo from a “hold” rating to a “buy” rating and set a C$47.00 price objective for the company in a research report on Friday, June 2nd. CIBC reduced their price objective on Saputo from C$54.00 to C$51.00 in a research report on Friday, June 2nd. Finally, TD Securities reduced their price objective on Saputo from C$49.00 to C$48.00 and set a “hold” rating for the company in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Saputo currently has a consensus rating of “Buy” and a consensus price target of C$49.29.
Saputo (TSE SAP) opened at 43.64 on Wednesday. The company has a market cap of $16.85 billion and a price-to-earnings ratio of 22.85. Saputo has a 52-week low of $39.74 and a 52-week high of $48.98. The firm’s 50-day moving average is $41.52 and its 200 day moving average is $44.46.
Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.06. Saputo had a net margin of 6.07% and a return on equity of 15.26%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.92 billion. On average, equities research analysts predict that Saputo will post $2.04 EPS for the current fiscal year.
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In other news, Director Diane Nyisztor acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were bought at an average price of C$41.93 per share, with a total value of C$41,930.00. Insiders bought a total of 2,190 shares of company stock worth $93,037 in the last three months.
About Saputo
Saputo Inc produces, markets, and distributes various dairy products in Canada, the United States, Argentina, and Australia. It offers a range of cheese products, such as mozzarella, American-style, specialty cheeses, cheddar, fine cheeses, and other cheeses; butter; and dairy and non-dairy extended shelf-life products, including cream and creamers, ice cream mixes, whipping creams, aerosol whipped toppings, iced coffee, and value-added milks, as well as cultured products, such as sour cream and cottage cheese.
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