Saputo (TSE:SAP) Given a C$49.00 Price Target by Ventum Financial Analysts

Key Points

• Ventum Financial set a C$49.00 price target for Saputo and maintained a “buy” rating, implying 17.59% upside from the previous close.
• Analyst sentiment remains positive overall, with Saputo receiving a consensus “Moderate Buy” rating and an average price target of C$47.18; TD raised its target to C$53.00.
• Saputo shares rose 2.7% to C$41.67 in Monday trading. The company recently reported quarterly revenue of C$4.42 billion and earnings of C$0.01 per share.

Saputo (TSE:SAP - Get Free Report) has been given a C$49.00 price objective by equities researchers at Ventum Financial in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Ventum Financial's price target suggests a potential upside of 17.59% from the stock's previous close.

Several other research firms also recently commented on SAP. TD boosted their price objective on Saputo from C$51.00 to C$53.00 and gave the company a "buy" rating in a report on Monday. National Bank Financial increased their target price on Saputo from C$44.00 to C$45.00 and gave the stock a "sector perform" rating in a report on Monday. TD Securities raised shares of Saputo to a "strong-buy" rating in a research report on Monday, June 22nd. Ventum Capital upped their price objective on shares of Saputo from C$47.00 to C$48.00 and gave the stock a "buy" rating in a report on Monday, June 8th. Finally, Jefferies Financial Group downgraded shares of Saputo from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Saputo has an average rating of "Moderate Buy" and a consensus price target of C$47.18.

Saputo Stock Up 2.7%

Saputo stock traded up C$1.10 during midday trading on Monday, reaching C$41.67. The stock had a trading volume of 525,761 shares, compared to its average volume of 964,766. Saputo has a 12 month low of C$31.94 and a 12 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 PEG ratio of 0.56 and a beta of 0.15. The company has a fifty day moving average price of C$41.33 and a two-hundred day moving average price of C$41.66. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 48.08.

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

Insider Buying and Selling

In other Saputo news, Director Maxime Therrien sold 19,601 shares of Saputo stock in a transaction on Friday, June 26th. The shares were sold at an average price of C$42.06, for a total transaction of C$824,418.06. Following the transaction, the director directly owned 64,213 shares of the company's stock, valued at C$2,700,798.78. The trade was a 23.39% decrease in their position. Also, Director Steven Michael Douglas bought 3,875 shares of Saputo stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average price of C$41.01 per share, with a total value of C$158,913.75. Following the purchase, the director owned 16,792 shares in the company, valued at approximately C$688,639.92. This represents a 30.00% increase in their ownership of the stock. Over the last 90 days, insiders sold 155,766 shares of company stock worth $6,525,571. 40.45% of the stock is owned by corporate insiders.

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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