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 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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