Saputo Inc. (TSE:SAP) – Equities research analysts at National Bank Financial upped their Q2 2017 earnings per share estimates for Saputo in a report released on Monday. National Bank Financial analyst V. Shreedhar now anticipates that the brokerage will post earnings per share of $0.47 for the quarter, up from their prior estimate of $0.45. National Bank Financial also issued estimates for Saputo’s FY2017 earnings at $1.89 EPS, Q2 2018 earnings at $0.54 EPS and FY2018 earnings at $2.17 EPS.
Other equities analysts also recently issued research reports about the company. CIBC upped their price target on Saputo from C$44.00 to C$45.00 in a research report on Wednesday, August 3rd. TD Securities raised Saputo from a “hold” rating to a “buy” rating and upped their price target for the stock from C$42.00 to C$45.00 in a research report on Wednesday, August 3rd. Desjardins reaffirmed a “hold” rating and set a C$46.00 price target on shares of Saputo in a research report on Thursday, September 29th. Scotiabank reaffirmed an “outperform” rating and set a C$44.00 price target on shares of Saputo in a research report on Thursday, August 4th. Finally, Royal Bank Of Canada upped their price target on Saputo from C$45.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of C$46.43.
Shares of Saputo (TSE:SAP) traded down 0.48% during midday trading on Wednesday, reaching $47.27. 273,289 shares of the company’s stock traded hands. The stock has a 50 day moving average of $45.06 and a 200-day moving average of $41.37. Saputo has a 52-week low of $30.30 and a 52-week high of $47.66. The stock has a market cap of $18.57 billion and a price-to-earnings ratio of 29.36.
Saputo Company Profile
Saputo Inc is a Canada-based dairy processor and cheese producer in the United States. Saputo produces, markets, and distributes a variety of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Its products are sold in 40 countries under brand names such as Saputo, Alexis de Portneuf, Armstrong, Baxter, Dairyland, Dragone, DuVillage 1860, Friendship, Frigo Cheese Heads, Great Midwest, King’s Choice, Kingsey, La Paulina, Milk2Go, Neilson, Nutrilait, Ricrem, Salemville, Scotsburn4, Stella, Sungold and Treasure Cave.
Receive News & Ratings for Saputo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.