Saputo (TSE:SAP) Given New C$50.00 Price Target at Ventum

Saputo (TSE:SAP) had its target price boosted by stock analysts at Ventum from C$49.00 to C$50.00 in a research report issued on Monday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Ventum‘s price target indicates a potential upside of 12.56% from the company’s current price.

A number of other research firms also recently commented on SAP. Scotia raised their price objective on shares of Saputo from C$49.00 to C$51.00 and gave the stock a “sector outperform” rating in a report on Monday. Jefferies Financial Group cut Saputo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Ventum Financial set a C$49.00 target price on Saputo and gave the stock a “buy” rating in a report on Monday, August 10th. TD increased their price objective on shares of Saputo from C$51.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Ventum Capital set a C$49.00 price target on Saputo and gave the company a “buy” rating in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Saputo presently has a consensus rating of “Moderate Buy” and an average price target of C$48.92.

Saputo Stock Performance

Shares of TSE SAP traded up C$0.43 during trading hours on Monday, reaching C$44.42. The stock had a trading volume of 515,301 shares, compared to its average volume of 892,257. The business’s fifty day moving average is C$40.03 and its two-hundred day moving average is C$41.23. The company has a debt-to-equity ratio of 41.86, a current ratio of 1.51 and a quick ratio of 0.67. The company has a market cap of C$17.45 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 0.56 and a beta of 0.16. Saputo has a twelve month low of C$35.50 and a twelve month high of C$45.09.

Saputo (TSE:SAP) last posted its quarterly earnings results on Thursday, November 5th. The company reported C$0.55 earnings per share for the quarter. The firm had revenue of C$4.26 billion for the quarter. Saputo had a net margin of 2.80% and a return on equity of 7.45%. As a group, research analysts expect that Saputo will post 1.77 EPS 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.