Saputo Stock Rating Reaffirmed by Scotiabank (SAP)
Saputo (TSE:SAP) traded up 2.44% on Monday, hitting $62.25. 410,818 shares of the company’s stock traded hands. Saputo has a 52 week low of $46.01 and a 52 week high of $60.89. The stock’s 50-day moving average is $58.37 and its 200-day moving average is $53.72. The company has a market cap of $12.158 billion and a P/E ratio of 22.26.
Saputo (TSE:SAP) last posted its quarterly earnings results on Friday, June 6th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. On average, analysts predict that Saputo will post $3.31 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at CIBC raised their price target on shares of Saputo from C$53.00 to C$62.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Saputo from C$59.00 to C$63.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at Desjardins raised their price target on shares of Saputo from C$58.00 to C$64.00 in a research note on Friday. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$63.17.
Saputo Inc is a dairy processor in Canada and cheese producer in the United States. The Company produces, markets and distributes an array of dairy products from Canada, the United States and Argentina, as well as bakery products from Canada.
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