Saputo (TSE:SAP) Price Target Raised to C$45.00

Saputo (TSE:SAP) had its price target lifted by Desjardins from C$40.00 to C$45.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 8.43% from the stock’s previous close.

A number of other analysts have also recently commented on SAP. National Bankshares upped their price objective on Saputo from C$36.00 to C$38.00 in a research report on Monday, November 10th. Jefferies Financial Group upped their price target 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 increased their price objective on shares of Saputo from C$36.00 to C$40.00 in a research note on Monday, November 10th. Scotiabank boosted their target price on shares of Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Finally, BMO Capital Markets increased their price target on shares of Saputo from C$34.00 to C$37.00 in a research report on Monday, November 10th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$40.38.

Saputo Stock Performance

Shares of SAP traded down C$0.06 during mid-day trading on Friday, hitting C$41.50. 565,029 shares of the company traded hands, compared to its average volume of 719,006. The stock has a market cap of C$17.01 billion, a price-to-earnings ratio of -207.50, a P/E/G ratio of 0.56 and a beta of 0.14. The stock has a 50-day moving average price of C$36.99 and a two-hundred day moving average price of C$32.77. Saputo has a 1 year low of C$22.59 and a 1 year high of C$41.93. 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 (TSE:SAP) last posted its earnings results on Thursday, November 6th. The company reported C$0.45 EPS for the quarter. The business had revenue of C$4.72 billion during the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. Equities analysts anticipate that Saputo will post 1.7735369 earnings per share for the current year.

About Saputo

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. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.