Saputo (TSE:SAP) Price Target Raised to C$51.00

Key Points

• Scotia raised its Saputo price target to C$51 from C$49 and maintained a “sector outperform” rating, implying 14.81% upside from the share price cited in the report.
• Analyst sentiment is broadly positive: Saputo has a “Moderate Buy” consensus rating and an average price target of C$48.92.
• Saputo reported quarterly earnings of C$0.55 per share on revenue of C$4.26 billion; analysts forecast C$1.77 in earnings per share for the current year.

Saputo (TSE:SAP - Get Free Report) had its target price upped by investment analysts at Scotia from C$49.00 to C$51.00 in a note issued to investors on Monday, BayStreet reports. The brokerage presently has a "sector outperform" rating on the stock. Scotia's price objective would suggest a potential upside of 14.81% from the company's current price.

SAP has been the topic of a number of other reports. Canadian Imperial Bank of Commerce set a C$45.00 price objective on Saputo and gave the company a "hold" rating in a research report on Thursday, October 22nd. Ventum Financial set a C$49.00 price objective on Saputo and gave the stock a "buy" rating in a research note 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 report on Wednesday, October 21st. National Bank Financial raised their price target on shares of Saputo from C$44.00 to C$45.00 and gave the company a "sector perform" rating in a report on Monday, August 10th. Finally, TD raised their price target on Saputo from C$51.00 to C$53.00 and gave the stock a "buy" rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Saputo currently has a consensus rating of "Moderate Buy" and a consensus price target of C$48.92.

Saputo Price Performance

Shares of SAP stock traded up C$0.43 during mid-day trading on Monday, hitting C$44.42. The company had a trading volume of 515,301 shares, compared to its average volume of 892,257. The company has a market capitalization of C$17.45 billion, a P/E ratio of 35.82, a P/E/G ratio of 0.56 and a beta of 0.16. Saputo has a 52-week low of C$35.50 and a 52-week high of C$45.09. 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 stock's 50 day moving average price is C$40.03 and its 200-day moving average price is C$41.23.

Saputo (TSE:SAP - Get Free Report) last issued its quarterly earnings data 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 during the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. Equities research analysts forecast that Saputo will post 1.77 earnings per share for the current year.

Saputo Company Profile

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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