Saputo (TSE:SAP) Stock Gets Price Target Increase from Ventum

Key Points

• Ventum raised its price target on Saputo from C$49 to C$50 and maintained a “buy” rating, implying 12.56% upside from the price cited in the report.
• Analyst sentiment is generally positive: Saputo has a “Moderate Buy” consensus rating and an average price target of C$48.92, based on nine Buy, one Strong Buy and three Hold ratings.
• Saputo reported quarterly earnings of C$0.55 per share and revenue of C$4.26 billion; its shares traded at C$44.42 on Monday.

Saputo (TSE:SAP - Get Free Report) had its price target boosted by stock analysts at Ventum from C$49.00 to C$50.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Ventum's target price points to a potential upside of 12.56% from the company's current price.

Several other equities research analysts also recently issued reports on SAP. Jefferies Financial Group downgraded 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 price objective on Saputo and gave the stock a "buy" rating in a research report on Monday, August 10th. TD boosted their price objective on Saputo from C$51.00 to C$53.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Desjardins increased their target price on Saputo from C$47.00 to C$49.00 and gave the company a "buy" rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce set a C$45.00 target price on Saputo and gave the company a "hold" rating in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Saputo currently has an average rating of "Moderate Buy" and a consensus price target of C$48.92.

Saputo Stock Performance

Shares of TSE SAP traded up C$0.43 during trading hours on Monday, hitting C$44.42. 515,301 shares of the stock were exchanged, compared to its average volume of 892,257. Saputo has a one year low of C$35.50 and a one year high of C$45.09. The company's 50 day moving average is C$40.03 and its 200 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 firm 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 (TSE:SAP - Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported C$0.55 EPS 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%. On average, 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.

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