Saputo (TSE:SAP) Stock Price Expected to Rise, Desjardins Analyst Says

Key Points

• Desjardins raised Saputo’s price target from C$47 to C$49 and maintained a “buy” rating, implying 10.31% upside from the prior close.
• Analyst sentiment is broadly positive: Saputo has a “Moderate Buy” consensus rating and an average price target of C$48.92, based on 13 analyst ratings.
• Saputo reported quarterly earnings of C$0.55 per share and revenue of C$4.26 billion; analysts expect full-year EPS of C$1.77.

Saputo (TSE:SAP - Get Free Report) had its price target hoisted by analysts at Desjardins from C$47.00 to C$49.00 in a report issued on Monday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Desjardins's price objective would suggest a potential upside of 10.31% from the stock's previous close.

Several other research analysts also recently weighed in on the company. Ventum Financial set a C$49.00 target price 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 research note on Wednesday, October 21st. Jefferies Financial Group cut shares of Saputo from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 24th. Canadian Imperial Bank of Commerce set a C$45.00 price objective on shares of Saputo and gave the company a "hold" rating in a report on Thursday, October 22nd. Finally, Scotia lifted their target price on shares of Saputo from C$49.00 to C$51.00 and gave the company a "sector outperform" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Saputo has a consensus 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 on Monday, hitting C$44.42. The company's stock had a trading volume of 515,301 shares, compared to its average volume of 892,257. The company has a debt-to-equity ratio of 41.86, a quick ratio of 0.67 and a current ratio of 1.51. Saputo has a 1 year low of C$35.50 and a 1 year high of C$45.09. The firm has a fifty day moving average price of C$40.03 and a 200-day moving average price of C$41.23. The company has a market capitalization of C$17.45 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 0.56 and a beta of 0.16.

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