Saputo (TSE:SAP) Given New C$44.00 Price Target at National Bank Financial

Key Points

• National Bank Financial cut its price target on Saputo from C$46.00 to C$44.00 and kept a "sector perform" rating, implying roughly an 8.6% upside, while the consensus across analysts is a Moderate Buy with a mean target of C$46.11.
• Saputo traded at C$40.52 (market cap C$16.42B) with a P/E of 25.97 and a 52‑week range of C$25.17–C$45.09, and it reported quarterly results of C$0.57 EPS on C$4.89B in revenue.
• Insider Patrick Turcotte recently sold 2,071 shares (reducing his holding by ~19.9%), and corporate insiders collectively own about 40.45% of the company.

Saputo (TSE:SAP - Get Free Report) had its price target cut by investment analysts at National Bank Financial from C$46.00 to C$44.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's price objective points to a potential upside of 8.59% from the stock's previous close.

Several other equities analysts have also commented on SAP. Canadian Imperial Bank of Commerce raised their price objective on Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. Ventum Financial set a C$47.00 price objective on Saputo and gave the company a "buy" rating in a research report on Wednesday, April 22nd. Scotiabank raised their price objective on Saputo from C$47.00 to C$49.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Royal Bank Of Canada raised their price objective on Saputo from C$47.00 to C$50.00 and gave the company an "outperform" rating in a research report on Sunday, February 8th. Finally, Desjardins raised their price objective on Saputo from C$45.00 to C$47.00 and gave the company a "buy" rating in a research report on Monday, February 9th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Saputo currently has a consensus rating of "Moderate Buy" and a consensus target price of C$46.11.

Saputo Price Performance

SAP traded down C$0.81 on Wednesday, reaching C$40.52. The company had a trading volume of 313,588 shares, compared to its average volume of 1,025,245. The business has a 50 day simple moving average of C$42.05 and a 200 day simple moving average of C$40.33. The company has a market cap of C$16.42 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 0.56 and a beta of 0.10. The company has a debt-to-equity ratio of 59.15, a quick ratio of 0.67 and a current ratio of 1.64. Saputo has a 52-week low of C$25.17 and a 52-week high of C$45.09.

Saputo (TSE:SAP - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported C$0.57 EPS for the quarter. Saputo had a net margin of 3.39% and a return on equity of 9.50%. The firm had revenue of C$4.89 billion for the quarter. As a group, sell-side analysts anticipate that Saputo will post 1.7735369 EPS for the current year.

Insider Transactions at Saputo

In other Saputo news, insider Patrick Turcotte sold 2,071 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of C$42.18, for a total transaction of C$87,354.78. Following the completion of the sale, the insider directly owned 8,336 shares of the company's stock, valued at C$351,612.48. This trade represents a 19.90% decrease in their position. Over the last ninety days, insiders have sold 2,659 shares of company stock valued at $112,169. Corporate insiders own 40.45% of the company's stock.

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. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.

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