Q4 2018 EPS Estimates for Saputo Inc. Increased by National Bank Financial (SAP)
Saputo Inc. (TSE:SAP) – Equities researchers at National Bank Financial lifted their Q4 2018 earnings per share (EPS) estimates for shares of Saputo in a report issued on Monday. National Bank Financial analyst V. Shreedhar now expects that the company will earn $0.48 per share for the quarter, up from their prior forecast of $0.47. National Bank Financial currently has a “Sector Perform” rating and a $50.00 price objective on the stock. National Bank Financial also issued estimates for Saputo’s Q2 2019 earnings at $0.64 EPS and Q4 2019 earnings at $0.52 EPS.
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Several other equities analysts also recently issued reports on SAP. Royal Bank Of Canada upgraded Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 price objective for the company in a research report on Wednesday, July 19th. TD Securities upgraded Saputo from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$48.00 to C$49.00 in a research report on Wednesday, August 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a C$47.00 price objective on shares of Saputo in a research report on Friday, October 27th. Finally, Desjardins downgraded Saputo from a “buy” rating to a “hold” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Saputo currently has a consensus rating of “Buy” and a consensus price target of C$50.00.
In other news, insider Louise St-Jean sold 838 shares of Saputo stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$43.39, for a total value of C$36,360.82.
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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