Saputo Inc. (SAP) PT Lowered to C$47.00 at National Bank Financial
Saputo Inc. (TSE:SAP) had its price target decreased by equities researchers at National Bank Financial from C$48.00 to C$47.00 in a report issued on Wednesday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 11.88% from the company’s previous close.
A number of other research firms have also recently weighed in on SAP. Royal Bank Of Canada upgraded Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 price target on the stock in a report on Wednesday, July 19th. BMO Capital Markets restated a “market perform” rating and issued a C$48.00 price target on shares of Saputo in a report on Thursday, April 13th. CIBC lowered their price target on Saputo from C$54.00 to C$51.00 in a report on Friday, June 2nd. Desjardins upgraded Saputo from a “hold” rating to a “buy” rating and set a C$47.00 price target on the stock in a report on Friday, June 2nd. Finally, TD Securities lowered their price target on Saputo from C$49.00 to C$48.00 and set a “hold” rating on the stock in a report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$49.14.
Shares of Saputo (SAP) traded up 0.29% during mid-day trading on Wednesday, hitting $42.13. The stock had a trading volume of 234,305 shares. The stock has a 50 day moving average price of $41.70 and a 200-day moving average price of $44.66. Saputo has a 52-week low of $38.75 and a 52-week high of $48.98. The company has a market cap of $16.26 billion and a PE ratio of 22.90.
Saputo (TSE:SAP) last issued its earnings results on Thursday, June 1st. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.06. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Saputo had a return on equity of 15.26% and a net margin of 6.07%. On average, equities analysts expect that Saputo will post $2.03 earnings per share for the current fiscal year.
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In related news, Director Annette Marie Verschuren bought 1,000 shares of the stock in a transaction on Tuesday, June 6th. The shares were purchased at an average price of C$43.03 per share, for a total transaction of C$43,030.00. In the last quarter, insiders have acquired 2,190 shares of company stock worth $93,037.
Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
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