Saputo (TSE:SAP) PT Set at C$45.00 by Canadian Imperial Bank of Commerce

Saputo (TSE:SAP) received a C$45.00 target price from Canadian Imperial Bank of Commerce in a report released on Thursday, Marketbeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Canadian Imperial Bank of Commerce‘s price objective indicates a potential upside of 11.17% from the company’s previous close.

Several other research firms have also recently commented on SAP. Ventum Financial set a C$49.00 price target on Saputo and gave the company a “buy” rating in a 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. Ventum Capital set a C$49.00 price objective on Saputo and gave the stock a “buy” rating in a report on Wednesday. TD increased their price objective on Saputo from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Jefferies Financial Group cut Saputo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.10.

Saputo Stock Performance

TSE SAP traded down C$0.57 during trading hours on Thursday, hitting C$40.48. 500,732 shares of the stock were exchanged, compared to its average volume of 900,071. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 41.86. The company has a market cap of C$16.07 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 0.56 and a beta of 0.19. Saputo has a 12-month low of C$33.14 and a 12-month high of C$45.09. The stock has a 50-day moving average of C$39.99 and a 200 day moving average of C$40.78.

Saputo (TSE:SAP) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.49 earnings per share for the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. The company had revenue of C$4.42 billion for the quarter. As a group, equities research analysts forecast that Saputo will post 1.77 earnings per share for the current 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.