Saputo (TSE:SAP) Stock Price Expected to Rise, TD Securities Analyst Says

Saputo (TSE:SAP) had its price objective lifted by equities research analysts at TD Securities from C$51.00 to C$52.00 in a research note issued to investors on Sunday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 22.70% from the company’s current price.

SAP has been the subject of several other research reports. National Bank Financial increased their target price on Saputo from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. BMO Capital Markets increased their price objective on shares of Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a report on Monday, February 9th. Canadian Imperial Bank of Commerce raised their price objective on shares of Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. Scotiabank upped their target price on shares of Saputo from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Royal Bank Of Canada raised their price target on shares of Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Sunday, February 8th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$46.25.

Saputo Stock Down 2.8%

SAP stock opened at C$42.38 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. The firm has a market cap of C$17.17 billion, a PE ratio of 27.17, a PEG ratio of 0.56 and a beta of 0.04. Saputo has a 1 year low of C$23.94 and a 1 year high of C$44.00. The company has a fifty day simple moving average of C$41.32 and a 200 day simple moving average of C$36.96.

Saputo (TSE:SAP) last announced its earnings results on Thursday, February 5th. The company reported C$0.57 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 firm had revenue of C$4.89 billion during the quarter. Sell-side analysts anticipate 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. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.