National Bank Financial Increases Saputo (TSE:SAP) Price Target to C$45.00

Key Points

• National Bank Financial raised Saputo’s price target to C$45 from C$44 while maintaining a “sector perform” rating, implying about 8% upside from the prior close.
• Analyst sentiment is broadly positive: Saputo carries a “Moderate Buy” consensus rating and an average target price of C$47.18, although ratings range from “strong buy” to “hold.”
• Saputo shares rose 2.7% to C$41.67, while recent results showed C$4.42 billion in quarterly revenue and C$0.01 in EPS. Insiders have sold 155,766 shares worth approximately C$6.5 million over the past 90 days.

Saputo (TSE:SAP - Get Free Report) had its price objective upped by National Bank Financial from C$44.00 to C$45.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's price objective would indicate a potential upside of 7.99% from the company's previous close.

Several other equities analysts have also commented on SAP. Ventum Capital upped their target price on Saputo from C$47.00 to C$48.00 and gave the company a "buy" rating in a report on Monday, June 8th. Jefferies Financial Group lowered Saputo from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 24th. Ventum Financial set a C$47.00 target price on Saputo and gave the stock a "buy" rating in a research report on Wednesday, April 22nd. TD Securities upgraded Saputo to a "strong-buy" rating in a research report on Monday, June 22nd. Finally, TD upped their price objective on shares of Saputo from C$51.00 to C$53.00 and gave the stock a "buy" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$47.18.

Saputo Stock Up 2.7%

TSE SAP traded up C$1.10 on Monday, hitting C$41.67. 525,761 shares of the stock traded hands, compared to its average volume of 964,766. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 48.08. The stock has a 50-day moving average of C$41.33 and a 200 day moving average of C$41.66. Saputo has a twelve month low of C$31.94 and a twelve month high of C$45.09. The company has a market capitalization of C$16.54 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15.

Saputo (TSE:SAP - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$4.42 billion during the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%. As a group, analysts expect that Saputo will post 1.7735369 earnings per share for the current fiscal year.

Insider Buying and Selling at Saputo

In other Saputo news, Director Steven Michael Douglas sold 19,777 shares of the company's stock in a transaction on Friday, June 12th. The stock was sold at an average price of C$41.90, for a total value of C$828,656.30. Following the transaction, the director owned 12,917 shares of the company's stock, valued at approximately C$541,222.30. This represents a 60.49% decrease in their ownership of the stock. Also, insider Leanne Cutts sold 10,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$41.73, for a total value of C$417,300.00. Following the sale, the insider owned 23,790 shares of the company's stock, valued at C$992,756.70. This trade represents a 29.59% decrease in their position. In the last ninety days, insiders have sold 155,766 shares of company stock worth $6,525,571. 40.45% of the stock is owned by corporate insiders.

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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