BMO Capital Markets Raises Saputo (TSE:SAP) Price Target to C$41.00

Saputo (TSE:SAP) had its price objective increased by research analysts at BMO Capital Markets from C$37.00 to C$41.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential downside of 2.36% from the company’s current price.

A number of other research analysts have also commented on the stock. National Bankshares upped their price target on shares of Saputo from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research note on Thursday. Scotiabank increased their target price on Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. CIBC lifted their price target on Saputo from C$36.00 to C$40.00 in a report on Monday, November 10th. Jefferies Financial Group boosted their price target on 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, TD Securities increased their price objective on Saputo from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$41.75.

Saputo Stock Up 2.1%

SAP opened at C$41.99 on Friday. The stock’s fifty day simple moving average is C$40.32 and its 200 day simple moving average is C$35.37. Saputo has a 1-year low of C$23.10 and a 1-year high of C$42.30. The stock has a market cap of C$17.21 billion, a PE ratio of -209.95, a price-to-earnings-growth ratio of 0.56 and a beta of 0.18. 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 released its quarterly earnings data on Thursday, November 6th. The company reported C$0.45 EPS for the quarter. The firm had revenue of C$4.72 billion during the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. As a group, research analysts expect that Saputo will post 1.7735369 earnings per share 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.