National Bank Financial Reaffirms “Sector Perform” Rating for Saputo (TSE:SAP)

Saputo (TSE:SAP)‘s stock had its “sector perform” rating reissued by National Bank Financial in a report issued on Thursday, BayStreet.CA reports. They presently have a C$43.00 price objective on the stock. National Bank Financial’s price target would indicate a potential upside of 7.53% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. TD Securities upped their price objective on shares of Saputo from C$41.00 to C$45.00 and gave the company a “hold” rating in a research note on Friday, August 9th. CIBC dropped their price objective on shares of Saputo from C$47.00 to C$43.00 and set a “neutral” rating for the company in a research note on Friday, June 7th. Royal Bank of Canada dropped their price objective on shares of Saputo from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Desjardins downgraded shares of Saputo from a “buy” rating to a “hold” rating in a research note on Friday, June 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Saputo has an average rating of “Hold” and a consensus target price of C$45.33.

Shares of SAP stock opened at C$39.99 on Thursday. The firm has a 50-day moving average price of C$40.48 and a 200 day moving average price of C$42.62. Saputo has a twelve month low of C$35.56 and a twelve month high of C$46.41. The company has a market capitalization of $15.82 billion and a price-to-earnings ratio of 20.84. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 91.33.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.42 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.43 by C($0.01). The firm had revenue of C$3.67 billion for the quarter, compared to the consensus estimate of C$3.61 billion. As a group, research analysts predict that Saputo will post 2.0099999 earnings per share for the current year.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.

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Analyst Recommendations for Saputo (TSE:SAP)

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