Jefferies Financial Group Forecasts Strong Price Appreciation for Saputo (TSE:SAP) Stock

Key Points

• Jefferies Financial Group has raised its price target for Saputo stock from C$38.00 to C$40.00, indicating a potential upside of 14.03% from its previous close.
• Six analysts have rated Saputo stock as a "Buy," while the consensus rating remains at "Moderate Buy" with an average target price of C$35.75.
• Insider activity showed Leanne Cutts purchasing 4,000 shares at C$32.93 each, increasing her position in the company by 20.51%.

Saputo (TSE:SAP - Get Free Report) had its price objective raised by equities research analysts at Jefferies Financial Group from C$38.00 to C$40.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price target would indicate a potential upside of 14.03% from the company's previous close.

Several other research analysts have also recently weighed in on the company. National Bankshares lifted their price target on Saputo from C$29.00 to C$35.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. BMO Capital Markets lifted their price target on Saputo from C$27.00 to C$34.00 in a research report on Monday, August 11th. Desjardins lifted their price target on Saputo from C$31.00 to C$36.00 and gave the company a "buy" rating in a research report on Monday, August 11th. TD Securities lifted their price target on Saputo from C$35.00 to C$38.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Finally, Royal Bank Of Canada lifted their price target on Saputo from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$35.75.

Saputo Stock Performance

Shares of Saputo stock traded up C$0.70 on Wednesday, reaching C$35.08. 421,997 shares of the stock were exchanged, compared to its average volume of 713,880. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. Saputo has a twelve month low of C$22.59 and a twelve month high of C$35.10. The firm has a market capitalization of C$14.46 billion, a price-to-earnings ratio of -103.18, a PEG ratio of 0.56 and a beta of 0.07. The business has a 50 day moving average price of C$33.74 and a two-hundred day moving average price of C$29.36.

Insider Activity at Saputo

In other Saputo news, insider Leanne Cutts purchased 4,000 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were acquired at an average price of C$32.93 per share, with a total value of C$131,720.00. Following the purchase, the insider directly owned 23,500 shares in the company, valued at approximately C$773,855. This trade represents a 20.51% increase in their position. 40.45% of the stock is currently owned by company insiders.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight.

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