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

Saputo (TSE:SAP) had its price target hoisted by equities research analysts at National Bankshares from C$38.00 to C$45.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 7.17% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. TD Securities increased their price target on shares of Saputo from C$44.00 to C$49.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Scotiabank upped their price objective on shares of Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. BMO Capital Markets raised their target price on shares of Saputo from C$34.00 to C$37.00 in a 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 research report on Wednesday, October 22nd. Finally, CIBC increased their price target on 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 issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$41.75.

Saputo Price Performance

TSE SAP opened at C$41.99 on Thursday. The company has a market cap of C$17.21 billion, a price-to-earnings ratio of -209.95, a PEG ratio of 0.56 and a beta of 0.18. 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 stock’s fifty day moving average price is C$40.32 and its 200 day moving average price is C$35.32. Saputo has a 1 year low of C$23.10 and a 1 year high of C$42.30.

Saputo (TSE:SAP) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.45 earnings per share for the quarter. The business had revenue of C$4.72 billion for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%. As a group, equities research analysts forecast that Saputo will post 1.7735369 earnings per share for the current year.

About Saputo

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.