National Bankshares Issues Positive Forecast for Saputo (TSE:SAP) Stock Price

Saputo (TSE:SAP - Get Free Report) had its price target boosted by research analysts at National Bankshares from C$28.00 to C$29.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target would indicate a potential upside of 5.57% from the company's previous close.

A number of other brokerages have also commented on SAP. CIBC dropped their price target on Saputo from C$32.00 to C$29.00 in a research note on Monday, February 10th. TD Securities dropped their price target on Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Scotiabank dropped their price target on Saputo from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Desjardins lowered their price objective on Saputo from C$34.00 to C$31.00 and set a "buy" rating for the company in a research note on Monday, February 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$30.88.

Saputo Price Performance

Saputo stock traded up C$0.39 during midday trading on Monday, reaching C$27.47. 764,525 shares of the stock traded hands, compared to its average volume of 710,467. The stock's fifty day moving average is C$26.03 and its 200-day moving average is C$25.33. Saputo has a 12 month low of C$22.59 and a 12 month high of C$32.15. The stock has a market cap of C$11.58 billion, a P/E ratio of -73.55, a PEG ratio of 0.56 and a beta of 0.32. 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 Company Profile

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.