Saputo (TSE:SAP) Given New C$35.00 Price Target at National Bankshares

Key Points

• National Bankshares has raised its price target for Saputo from C$29.00 to C$35.00, reflecting an 8.39% potential upside from the current stock price.
• Several analysts, including BMO Capital Markets and Royal Bank Of Canada, have also adjusted their price targets, indicating a consensus rating of "Moderate Buy" and an average price target of C$34.63.
• Saputo's stock traded at C$32.29, with a market capitalization of C$13.61 billion and a current PE ratio of -86.45.

Saputo (TSE:SAP - Get Free Report) had its price objective raised by investment analysts at National Bankshares from C$29.00 to C$35.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' target price indicates a potential upside of 8.39% from the company's current price.

Several other research analysts have also recently weighed in on the company. BMO Capital Markets upped their price objective on Saputo from C$27.00 to C$34.00 in a research report on Monday. Scotiabank reduced their price target on Saputo from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research report on Monday, June 9th. Royal Bank Of Canada increased 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. Finally, TD Securities increased 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$34.63.

Saputo Trading Up 0.9%

Shares of Saputo stock traded up C$0.29 during trading hours on Monday, hitting C$32.29. The company's stock had a trading volume of 576,323 shares, compared to its average volume of 683,495. Saputo has a 12 month low of C$22.59 and a 12 month high of C$32.91. The stock has a 50 day moving average of C$27.77 and a 200 day moving average of C$26.17. The company has a market capitalization of C$13.61 billion, a PE ratio of -86.45, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67.

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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