Desjardins Issues Positive Forecast for Saputo (TSE:SAP) Stock Price

Saputo (TSE:SAP) had its price target lifted by stock analysts at Desjardins from C$45.00 to C$47.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 9.94% from the company’s previous close.

SAP has been the topic of several other reports. Jefferies Financial Group raised their target price on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. TD Securities raised their price target on shares of Saputo from C$49.00 to C$51.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada upped their target price on Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Sunday. BMO Capital Markets upped their price objective on shares of Saputo from C$37.00 to C$41.00 and gave the stock a “market perform” rating in a research report on Friday, January 23rd. Finally, Canadian Imperial Bank of Commerce lifted their target price on Saputo from C$40.00 to C$44.00 in a report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Saputo currently has a consensus rating of “Moderate Buy” and an average target price of C$44.63.

Saputo Trading Up 0.0%

Shares of SAP stock traded up C$0.01 on Monday, reaching C$42.75. The company had a trading volume of 375,716 shares, compared to its average volume of 808,838. The stock has a market cap of C$17.53 billion, a PE ratio of -213.75, a PEG ratio of 0.56 and a beta of 0.04. The company has a 50-day moving average of C$40.93 and a 200-day moving average of C$36.39. 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 12 month low of C$23.72 and a 12 month high of C$44.00.

Saputo (TSE:SAP) last posted its quarterly earnings data 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 company had revenue of C$4.89 billion during the quarter. On average, equities analysts forecast 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.