Saputo (TSE:SAP) Given a C$45.00 Price Target by Canadian Imperial Bank of Commerce Analysts

Key Points

• CIBC set a C$45.00 price target for Saputo and maintained a neutral rating, implying 9.62% upside from the stock’s reported C$41.05 price.
• Analyst sentiment is broadly positive but mixed: Saputo has a consensus “Moderate Buy” rating and an average price target of C$48.10, with targets ranging from C$45.00 to C$53.00.
• Saputo shares rose 0.9% to C$41.05. In its latest quarter, the company reported C$0.49 earnings per share and C$4.42 billion in revenue.

Saputo (TSE:SAP - Get Free Report) has been given a C$45.00 price target by equities researchers at Canadian Imperial Bank of Commerce in a research report issued on Thursday, BayStreet reports. The brokerage currently has a "neutral" rating on the stock. Canadian Imperial Bank of Commerce's target price suggests a potential upside of 9.62% from the stock's current price.

Several other brokerages also recently weighed in on SAP. Ventum Financial set a C$49.00 price target on Saputo and gave the stock a "buy" rating in a report on Monday, August 10th. Jefferies Financial Group downgraded shares of Saputo from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. National Bank Financial increased their price objective on shares of Saputo from C$44.00 to C$45.00 and gave the company a "sector perform" rating in a research report on Monday, August 10th. Ventum Capital set a C$49.00 target price on shares of Saputo and gave the stock a "buy" rating in a research note on Wednesday. Finally, TD boosted their target price on shares of Saputo from C$51.00 to C$53.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$48.10.

Saputo Stock Up 0.9%

Shares of SAP traded up C$0.38 during midday trading on Thursday, hitting C$41.05. 769,709 shares of the company's stock traded hands, compared to its average volume of 899,838. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 41.86. The stock has a market capitalization of C$16.29 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 0.56 and a beta of 0.19. Saputo has a 1 year low of C$33.14 and a 1 year high of C$45.09. The firm's fifty day moving average is C$40.07 and its 200-day moving average is C$40.80.

Saputo (TSE:SAP - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.49 earnings per share for the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. The firm had revenue of C$4.42 billion for the quarter. As a group, sell-side analysts anticipate 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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