TD Raises Saputo (TSE:SAP) Price Target to C$53.00

Key Points

• TD raised Saputo’s price target from C$51.00 to C$53.00 and maintained a “buy” rating, implying 27.19% upside from the previous close.
• Analyst sentiment remains positive overall, with Saputo holding a “Moderate Buy” consensus rating and an average price target of C$47.18, though some analysts have issued “hold” or lower-target recommendations.
• Saputo shares traded at C$41.67, while 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) had its price target lifted by research analysts at TD from C$51.00 to C$53.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD's price target points to a potential upside of 27.19% from the stock's previous close.

Other analysts also recently issued reports about the stock. TD Securities upgraded shares of Saputo to a "strong-buy" rating in a report on Monday, June 22nd. Ventum Financial set a C$47.00 price target on shares of Saputo and gave the company a "buy" rating in a report on Wednesday, April 22nd. Jefferies Financial Group cut Saputo from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 24th. Ventum Capital upped their price objective on Saputo from C$47.00 to C$48.00 and gave the company a "buy" rating in a research report on Monday, June 8th. Finally, National Bank Financial dropped their target price on Saputo from C$46.00 to C$44.00 and set a "sector perform" rating for the company in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$47.18.

Saputo Price Performance

Shares of TSE:SAP traded up C$1.10 during mid-day 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. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 48.08. The company has a market cap of C$16.54 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. Saputo has a 1 year low of C$31.94 and a 1 year high of C$45.09. The business's 50 day moving average price is C$41.33 and its 200 day moving average price is C$41.66.

Saputo (TSE:SAP - Get Free Report) last released 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 during the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%. Research analysts expect that Saputo will post 1.7735369 EPS for the current fiscal year.

Insider Transactions at Saputo

In other Saputo news, Director Steven Michael Douglas acquired 3,875 shares of the business's stock in a transaction on Tuesday, June 16th. The shares were bought at an average price of C$41.01 per share, with a total value of C$158,913.75. Following the transaction, the director directly owned 16,792 shares of the company's stock, valued at C$688,639.92. The trade was a 30.00% increase in their position. Also, insider Martin Gagnon sold 12,926 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of C$41.99, for a total value of C$542,762.74. Following the completion of the sale, the insider owned 31,362 shares in the company, valued at approximately C$1,316,890.38. The trade was a 29.19% decrease in their position. Over the last three months, insiders have sold 155,766 shares of company stock worth $6,525,571. 40.45% of the stock is currently owned by company insiders.

Saputo Company Profile

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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