Saputo (TSE:SAP) PT Set at C$49.00 by Ventum Capital

Key Points

• Ventum Capital set a C$49.00 price target on Saputo and maintained a “buy” rating, implying 20.69% upside from the previous close.
• Analyst sentiment is broadly positive, with Saputo holding a consensus “Moderate Buy” rating and an average price target of C$47.27; targets from other firms range from C$45.00 to C$53.00.
• Saputo shares traded at C$40.60, while the company reported quarterly EPS of C$0.49 and revenue of C$4.42 billion. Analysts expect full-year EPS of C$1.77.

Saputo (TSE:SAP - Get Free Report) has been given a C$49.00 price target by investment analysts at Ventum Capital in a report issued on Wednesday, BayStreet reports. The firm currently has a "buy" rating on the stock. Ventum Capital's price objective points to a potential upside of 20.69% from the stock's previous close.

A number of other equities analysts also recently weighed in on the company. National Bank Financial boosted their price target on Saputo from C$44.00 to C$45.00 and gave the stock a "sector perform" rating in a research report on Monday, August 10th. Jefferies Financial Group lowered Saputo from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 24th. Ventum Financial set a C$49.00 price objective on Saputo and gave the company a "buy" rating in a research report on Monday, August 10th. Finally, TD lifted their target price on Saputo from C$51.00 to C$53.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Saputo presently has a consensus rating of "Moderate Buy" and an average price target of C$47.27.

Saputo Stock Performance

Shares of Saputo stock traded up C$0.15 during trading on Wednesday, hitting C$40.60. 371,307 shares of the stock were exchanged, compared to its average volume of 900,893. The stock has a market capitalization of C$16.12 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 0.56 and a beta of 0.19. The company has a fifty day moving average price of C$40.10 and a 200-day moving average price of C$40.82. Saputo has a 1-year low of C$33.14 and a 1-year high of C$45.09. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 41.86.

Saputo (TSE:SAP - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.49 earnings per share (EPS) for the quarter. Saputo had a net margin of 2.80% and a return on equity of 7.45%. The business had revenue of C$4.42 billion during the quarter. As a group, equities analysts predict that Saputo will post 1.77 EPS for the current fiscal 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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