TD Securities Raises Saputo (TSE:SAP) Price Target to C$49.00

Saputo (TSE:SAP) had its target price lifted by equities researchers at TD Securities from C$44.00 to C$49.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 24.49% from the company’s current price.

SAP has been the subject of several other reports. BMO Capital Markets boosted their price target on Saputo from C$34.00 to C$37.00 in a research note on Monday, November 10th. Jefferies Financial Group boosted their target price on shares of Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. CIBC upped their price target on shares of Saputo from C$36.00 to C$40.00 in a research note on Monday, November 10th. Scotiabank raised their price target on shares of Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Finally, National Bankshares boosted their price objective on shares of Saputo from C$36.00 to C$38.00 in a report on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$39.25.

Saputo Stock Performance

SAP traded down C$0.14 on Thursday, reaching C$39.36. The company had a trading volume of 174,752 shares, compared to its average volume of 707,310. The stock has a market cap of C$16.14 billion, a P/E ratio of -196.80, a P/E/G ratio of 0.56 and a beta of 0.07. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$39.94. The company’s fifty day moving average is C$35.53 and its 200 day moving average is C$31.75.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.45 earnings per share (EPS) for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%.The company had revenue of C$4.72 billion during the quarter. As a group, analysts predict that Saputo will post 1.7735369 earnings per share for the current fiscal year.

Saputo Company Profile

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.