Saputo (TSE:SAP) Price Target Raised to C$47.00

Saputo (TSE:SAP) had its price target upped by equities researchers at Desjardins from C$45.00 to C$47.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 9.94% from the company’s previous close.

SAP has been the subject of several other research reports. Jefferies Financial Group raised their price objective on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. National Bankshares boosted their price objective on Saputo from C$38.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce increased their target price on Saputo from C$40.00 to C$44.00 in a research note on Friday, January 30th. TD Securities boosted their target price 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. Finally, Royal Bank Of Canada raised their price target on shares of Saputo from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Sunday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$44.63.

Saputo Price Performance

Shares of TSE:SAP traded up C$0.01 during midday trading on Monday, reaching C$42.75. 375,716 shares of the company were exchanged, 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 price-to-earnings-growth ratio of 0.56 and a beta of 0.04. The business’s fifty day moving average is C$40.93 and its two-hundred day moving average is C$36.39. Saputo has a one year low of C$23.72 and a one year high of C$44.00. 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 (TSE:SAP) last issued its earnings results on Thursday, February 5th. The company reported C$0.57 earnings per share (EPS) for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%.The firm had revenue of C$4.89 billion for the quarter. As a group, analysts predict 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.