Saputo (TSE:SAP) Price Target Raised to C$49.00

Saputo (TSE:SAP) had its target price lifted by investment analysts at Scotiabank from C$47.00 to C$49.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 15.19% from the stock’s previous close.

A number of other research analysts also recently commented on the company. BMO Capital Markets upped their price objective on Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research note on Monday. Royal Bank Of Canada boosted their price target on shares of Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Sunday, February 8th. National Bank Financial increased their price objective on shares of Saputo from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Monday. 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, Jefferies Financial Group upped their target price on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$46.13.

Saputo Stock Performance

Shares of TSE:SAP traded down C$1.04 on Friday, reaching C$42.54. 643,663 shares of the company’s stock were exchanged, compared to its average volume of 853,207. The business’s 50-day moving average is C$41.18 and its two-hundred day moving average is C$36.66. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. Saputo has a fifty-two week low of C$23.94 and a fifty-two week high of C$44.00. The firm has a market capitalization of C$17.24 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 0.56 and a beta of 0.04.

Saputo (TSE:SAP) last announced its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. The business had revenue of C$4.89 billion during the quarter. As a group, equities research analysts forecast that Saputo will post 1.7735369 EPS 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.