Saputo (TSE:SAP) Given New C$48.00 Price Target at Ventum Capital

Saputo (TSE:SAP) had its price target boosted by research analysts at Ventum Capital from C$47.00 to C$48.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Capital’s target price indicates a potential upside of 16.62% from the company’s current price.

A number of other equities research analysts have also commented on SAP. Ventum Financial set a C$47.00 price objective on shares of Saputo and gave the company a “buy” rating in a research note on Wednesday, April 22nd. BMO Capital Markets upped their price objective on shares of Saputo from C$41.00 to C$42.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. TD Securities upped their price objective on shares of Saputo from C$51.00 to C$52.00 and gave the company a “buy” rating in a research note on Sunday, February 15th. Desjardins upped their price objective on shares of Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Royal Bank Of Canada upped their price objective on shares of Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research note on Sunday, February 8th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Saputo currently has an average rating of “Moderate Buy” and a consensus target price of C$46.73.

Saputo Stock Down 3.9%

Saputo stock traded down C$1.68 during midday trading on Monday, reaching C$41.16. The company’s stock had a trading volume of 523,253 shares, compared to its average volume of 999,018. Saputo has a fifty-two week low of C$26.00 and a fifty-two week high of C$45.09. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 48.08. The company has a market cap of C$16.68 billion, a P/E ratio of 26.38, a P/E/G ratio of 0.56 and a beta of 0.06. The business has a 50-day simple moving average of C$41.38 and a 200-day simple moving average of C$41.36.

Saputo (TSE:SAP) last posted its quarterly earnings results on Thursday, June 4th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$3.31 billion for the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%. On average, research analysts expect that Saputo will post 1.7735369 earnings per share for the current fiscal 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.