Royal Bank Of Canada Forecasts Strong Price Appreciation for Saputo (TSE:SAP) Stock

Saputo (TSE:SAP) had its target price lifted by analysts at Royal Bank Of Canada from C$47.00 to C$50.00 in a research note issued to investors on Sunday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 16.99% from the company’s previous close.

A number of other research firms have also commented on SAP. Jefferies Financial Group raised their price objective on shares of Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. National Bankshares lifted their price target on Saputo from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce upped their price objective on Saputo from C$40.00 to C$44.00 in a report on Friday, January 30th. BMO Capital Markets raised their target price on Saputo from C$37.00 to C$41.00 and gave the company a “market perform” rating in a research note on Friday, January 23rd. Finally, TD Securities boosted their price target on shares of Saputo from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Saputo has a consensus rating of “Moderate Buy” and an average price target of C$43.88.

Saputo Price Performance

SAP stock traded up C$0.22 during trading on Friday, hitting C$42.74. The company had a trading volume of 1,379,183 shares, compared to its average volume of 827,056. The business has a 50 day moving average of C$40.93 and a 200 day moving average of C$36.33. The firm has a market capitalization of C$17.52 billion, a price-to-earnings ratio of -213.70, a P/E/G ratio of 0.56 and a beta of 0.04. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. Saputo has a fifty-two week low of C$23.15 and a fifty-two week high of C$44.00.

Saputo (TSE:SAP) last released its earnings results on Thursday, February 5th. The company reported C$0.57 EPS for the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. The firm had revenue of C$4.89 billion for the quarter. As a group, research analysts predict that Saputo will post 1.7735369 earnings per share for the current 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. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.