National Bank Financial Issues Positive Forecast for Saputo (TSE:SAP) Stock Price

Key Points

• National Bank Financial raised its Saputo price target from C$47 to C$48 and maintained a “sector outperform” rating, implying about 8.1% upside from the current share price.
• Analyst sentiment is broadly positive: Saputo has a “Moderate Buy” consensus rating and an average price target of C$48.92, based on 1 Strong Buy, 9 Buy, and 3 Hold ratings.
• Saputo reported quarterly earnings of C$0.55 per share and revenue of C$4.26 billion; shares traded at C$44.42 on Monday.

Saputo (TSE:SAP - Get Free Report) had its target price upped by analysts at National Bank Financial from C$47.00 to C$48.00 in a note issued to investors on Monday, BayStreet reports. The brokerage presently has a "sector outperform" rating on the stock. National Bank Financial's price target indicates a potential upside of 8.06% from the company's current price.

Several other analysts have also recently weighed in on the company. Jefferies Financial Group cut Saputo from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. Ventum Financial set a C$49.00 target price on shares of Saputo and gave the stock a "buy" rating in a report on Monday, August 10th. Ventum Capital set a C$49.00 price target on shares of Saputo and gave the company a "buy" rating in a research report on Wednesday, October 21st. TD raised their price target on shares of Saputo from C$51.00 to C$53.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce set a C$45.00 price objective on shares of Saputo and gave the stock a "hold" rating in a research note on Thursday, October 22nd. 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 company. According to MarketBeat, Saputo currently has an average rating of "Moderate Buy" and an average target price of C$48.92.

Saputo Price Performance

Shares of Saputo stock traded up C$0.43 during midday trading on Monday, hitting C$44.42. 515,301 shares of the company traded hands, compared to its average volume of 892,257. The stock 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. The company has a debt-to-equity ratio of 41.86, a quick ratio of 0.67 and a current ratio of 1.51. The firm's fifty day moving average price is C$40.03 and its 200-day moving average price is C$41.23. Saputo has a 12 month low of C$35.50 and a 12 month high of C$45.09.

Saputo (TSE:SAP - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported C$0.55 earnings per share (EPS) for the quarter. Saputo had a net margin of 2.80% and a return on equity of 7.45%. The company had revenue of C$4.26 billion during the quarter. As a group, sell-side analysts forecast that Saputo will post 1.77 earnings per share 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.

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