Saputo (TSE:SAP) Given a C$45.00 Price Target at Canadian Imperial Bank of Commerce

Saputo (TSE:SAP) has been assigned a C$45.00 price objective by research analysts at Canadian Imperial Bank of Commerce in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce‘s price objective points to a potential upside of 9.62% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group cut shares of Saputo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Ventum Financial set a C$49.00 target price on shares of Saputo and gave the stock a “buy” rating in a research note on Monday, August 10th. TD raised their target price on Saputo from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, August 10th. National Bank Financial lifted their price target on Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Finally, Ventum Capital set a C$49.00 price target on Saputo and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$48.10.

Saputo Stock Performance

Shares of TSE:SAP traded up C$0.38 during midday trading on Thursday, reaching C$41.05. The company’s stock had a trading volume of 769,709 shares, compared to its average volume of 899,838. The firm has a market capitalization of C$16.29 billion, a PE ratio of 33.10, a P/E/G ratio of 0.56 and a beta of 0.19. Saputo has a twelve month low of C$33.14 and a twelve month high of C$45.09. The stock has a fifty day moving average of C$40.07 and a 200 day moving average of C$40.80. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 41.86.

Saputo (TSE:SAP) last issued its earnings results on Thursday, August 6th. The company reported C$0.49 earnings per share (EPS) for the quarter. The firm had revenue of C$4.42 billion during the quarter. Saputo had a net margin of 2.80% and a return on equity of 7.45%. On average, equities analysts expect that Saputo will post 1.77 EPS for the current fiscal year.

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.