National Bank Financial Trims Saputo Inc. (SAP) Target Price to C$49.00
Saputo Inc. (TSE:SAP) had its price objective dropped by stock analysts at National Bank Financial from C$50.00 to C$49.00 in a research note issued to investors on Sunday, StockTargetPrices.com reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 8.89% from the stock’s previous close. National Bank Financial also issued estimates for Saputo’s Q4 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.49 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.64 EPS, Q2 2019 earnings at $0.65 EPS, Q3 2019 earnings at $0.60 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $2.37 EPS.
Several other equities research analysts have also recently weighed in on the stock. TD Securities increased their price objective on shares of Saputo from C$49.00 to C$52.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Desjardins cut shares of Saputo from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. BMO Capital Markets reiterated a “market perform” rating and set a C$47.00 price objective on shares of Saputo in a research report on Friday, October 27th. Scotiabank decreased their price objective on shares of Saputo from C$58.00 to C$57.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Royal Bank Of Canada upgraded shares of 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Saputo has a consensus rating of “Buy” and an average target price of C$50.14.
Saputo (SAP) opened at C$45.00 on Friday. Saputo has a 52 week low of C$39.74 and a 52 week high of C$48.98.
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In other Saputo news, insider Louise St-Jean sold 838 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of C$43.39, for a total value of C$36,360.82.
Saputo Company Profile
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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