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

Saputo (TSE:SAP) had its price target boosted by investment analysts at Desjardins from C$40.00 to C$45.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 9.25% from the company’s previous close.

A number of other analysts also recently weighed in on SAP. TD Securities increased their target price on shares of Saputo from C$44.00 to C$49.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. BMO Capital Markets upped their price objective on shares of Saputo from C$34.00 to C$37.00 in a research note on Monday, November 10th. National Bankshares increased their price objective on shares of Saputo from C$36.00 to C$38.00 in a research report on Monday, November 10th. Jefferies Financial Group boosted their target price on shares of Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, CIBC upped their price target on shares of Saputo from C$36.00 to C$40.00 in a research report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Saputo currently has an average rating of “Moderate Buy” and a consensus target price of C$40.38.

Saputo Stock Down 0.9%

Shares of SAP opened at C$41.19 on Friday. The company has a market capitalization of C$16.89 billion, a PE ratio of -205.95, a PEG ratio of 0.56 and a beta of 0.14. Saputo has a 12 month low of C$22.59 and a 12 month high of C$41.93. The stock’s 50-day moving average price is C$37.15 and its two-hundred day moving average price is C$32.91. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68.

Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.45 earnings per share for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%.The company had revenue of C$4.72 billion during the quarter. On average, analysts anticipate that Saputo will post 1.7735369 EPS for the current 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. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.