Saputo (TSE:SAP) Given New C$53.00 Price Target at TD

Saputo (TSE:SAP) had its price target increased by TD from C$51.00 to C$53.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective would suggest a potential upside of 27.19% from the company’s current price.

Several other analysts also recently weighed in on SAP. Jefferies Financial Group downgraded Saputo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. National Bank Financial cut their target price on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Ventum Capital boosted their price target on shares of Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a report on Monday, June 8th. Ventum Financial set a C$47.00 price target on shares of Saputo and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, TD Securities raised shares of Saputo to a “strong-buy” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$47.18.

Saputo Trading Up 2.7%

TSE:SAP traded up C$1.10 during midday trading on Monday, hitting C$41.67. The stock had a trading volume of 525,761 shares, compared to its average volume of 964,766. Saputo has a one year low of C$31.94 and a one year high of C$45.09. The company has a market capitalization of C$16.54 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 0.56 and a beta of 0.15. The stock has a 50-day moving average of C$41.33 and a 200 day moving average of C$41.66. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 48.08.

Saputo (TSE:SAP) last issued its earnings results on Thursday, August 6th. The company reported C$0.01 earnings per share for the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%.The business had revenue of C$4.42 billion during the quarter. As a group, sell-side analysts forecast that Saputo will post 1.7735369 EPS for the current year.

Insider Buying and Selling

In other news, insider Leanne Cutts sold 10,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$41.73, for a total value of C$417,300.00. Following the sale, the insider owned 23,790 shares in the company, valued at C$992,756.70. This represents a 29.59% decrease in their ownership of the stock. Also, Director Maxime Therrien sold 19,601 shares of Saputo stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$42.06, for a total value of C$824,418.06. Following the transaction, the director owned 64,213 shares of the company’s stock, valued at approximately C$2,700,798.78. This represents a 23.39% decrease in their ownership of the stock. In the last quarter, insiders sold 155,766 shares of company stock worth $6,525,571. Corporate insiders own 40.45% of the company’s stock.

About Saputo

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.