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Stocks end higher on Wall Street; economic worries hit oil
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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
Boredom, loneliness plague Ukrainian youth near front line
Norway hits export record amid soaring gas prices
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
New climate deal spurs hopes of more carbon storage projects
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
Boredom, loneliness plague Ukrainian youth near front line
Norway hits export record amid soaring gas prices
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
New climate deal spurs hopes of more carbon storage projects
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
Boredom, loneliness plague Ukrainian youth near front line
Norway hits export record amid soaring gas prices
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
New climate deal spurs hopes of more carbon storage projects
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel

Saputo (TSE:SAP) Price Target Increased to C$39.00 by Analysts at National Bankshares

Saputo (TSE:SAP - Get Rating) had its price target lifted by National Bankshares from C$35.00 to C$39.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. National Bankshares' price objective would indicate a potential upside of 14.87% from the company's current price.

Several other brokerages have also recently issued reports on SAP. CIBC reduced their price objective on Saputo from C$36.00 to C$35.00 in a report on Friday, June 10th. Royal Bank of Canada lowered their price objective on Saputo from C$37.00 to C$35.00 and set an "outperform" rating for the company in a research report on Thursday, April 28th. Finally, Scotiabank lowered their price objective on Saputo from C$37.00 to C$36.00 in a research report on Friday, June 10th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$38.67.

Saputo Price Performance

Shares of SAP traded down C$0.02 during mid-day trading on Friday, hitting C$33.95. The company's stock had a trading volume of 560,851 shares, compared to its average volume of 559,453. The company has a current ratio of 1.55, a quick ratio of 0.62 and a debt-to-equity ratio of 65.26. The firm has a 50-day simple moving average of C$28.80 and a 200 day simple moving average of C$28.92. The firm has a market capitalization of C$14.18 billion and a P/E ratio of 51.44. Saputo has a 1-year low of C$24.61 and a 1-year high of C$37.09.


Saputo (TSE:SAP - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported C$0.39 EPS for the quarter, beating the consensus estimate of C$0.30 by C$0.09. The business had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.20 billion. Analysts predict that Saputo will post 1.95 EPS for the current fiscal year.

Insider Buying and Selling at Saputo

In other Saputo news, Director Louis-Philippe Carrière sold 35,000 shares of the business's stock in a transaction dated Monday, June 27th. The stock was sold at an average price of C$28.54, for a total transaction of C$998,900.00. Following the completion of the sale, the director now owns 46,435 shares of the company's stock, valued at C$1,325,254.90. In related news, Director Haig Poutchigian acquired 3,329 shares of Saputo stock in a transaction on Tuesday, June 14th. The shares were bought at an average price of C$27.03 per share, for a total transaction of C$89,982.87. Following the completion of the purchase, the director now directly owns 8,741 shares in the company, valued at approximately C$236,269.23. Also, Director Louis-Philippe Carrière sold 35,000 shares of the business's stock in a transaction dated Monday, June 27th. The stock was sold at an average price of C$28.54, for a total value of C$998,900.00. Following the transaction, the director now owns 46,435 shares in the company, valued at approximately C$1,325,254.90.

About Saputo

(Get Rating)

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.

See Also

Analyst Recommendations for Saputo (TSE:SAP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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