TD Securities Forecasts Strong Price Appreciation for Saputo (TSE:SAP) Stock

Saputo (TSE:SAP) had its price target boosted by analysts at TD Securities from C$44.00 to C$49.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 26.00% from the stock’s current price.

SAP has been the subject of a number of other research reports. Scotiabank increased their target price on shares of Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. National Bankshares upped their price objective on shares of Saputo from C$36.00 to C$38.00 in a research note on Monday, November 10th. Desjardins raised their price objective on shares of Saputo from C$31.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Jefferies Financial Group lifted their target price on shares of Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, CIBC boosted their target price on Saputo from C$36.00 to C$40.00 in a report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$39.25.

Saputo Price Performance

Saputo stock opened at C$38.89 on Thursday. The business has a 50 day simple moving average of C$35.76 and a 200 day simple moving average of C$31.90. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The company has a market capitalization of C$15.94 billion, a PE ratio of -194.45, a price-to-earnings-growth ratio of 0.56 and a beta of 0.14. Saputo has a one year low of C$22.59 and a one year high of C$39.94.

Saputo (TSE:SAP) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$4.72 billion during the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%. On average, sell-side analysts forecast that Saputo will post 1.7735369 EPS for the current fiscal year.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight.