Saputo (TSE:SAP) Given New C$38.00 Price Target at TD Securities

Key Points

• TD Securities has raised its price target for Saputo from C$35.00 to C$38.00, indicating a potential upside of 17.68% from the current stock price, while maintaining a "buy" rating.
• Research reports from multiple firms show a range of target prices for Saputo, with BMO Capital Markets increasing theirs to C$34.00, while Scotiabank decreased its target to C$29.00.
• Saputo currently has an average target price of C$34.63 and an overall rating of "Moderate Buy" from analysts, with seven out of eight providing buy ratings.

Saputo (TSE:SAP - Get Free Report) had its price objective upped by TD Securities from C$35.00 to C$38.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective would indicate a potential upside of 17.68% from the company's current price.

A number of other research firms also recently issued reports on SAP. BMO Capital Markets boosted their target price on shares of Saputo from C$27.00 to C$34.00 in a research report on Monday. Scotiabank decreased their target price on shares of 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. National Bankshares boosted their target price on shares of Saputo from C$28.00 to C$29.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Finally, Royal Bank Of Canada boosted their target price on shares of Saputo from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research report on Friday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$34.63.

Saputo Stock Performance

Shares of TSE:SAP traded up C$0.29 on Monday, hitting C$32.29. 576,323 shares of the company were exchanged, compared to its average volume of 683,495. Saputo has a 1-year low of C$22.59 and a 1-year high of C$32.91. The stock's 50 day moving average price is C$27.77 and its 200 day moving average price is C$26.17. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. The firm has a market capitalization of C$13.61 billion, a P/E ratio of -86.45, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32.

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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