National Bank Financial Increases Saputo (TSE:SAP) Price Target to C$45.00

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Saputo (TSE:SAP) had its price target upped by National Bank Financial from C$43.00 to C$45.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 11.41% from the company’s previous close.

SAP has been the subject of a number of other research reports. Desjardins restated a “hold” rating on shares of Saputo in a research note on Wednesday, September 11th. TD Securities raised their price objective on Saputo from C$41.00 to C$45.00 and gave the company a “hold” rating in a research note on Friday, August 9th. CIBC raised their price objective on Saputo from C$43.00 to C$44.00 in a research note on Friday. Finally, Royal Bank of Canada lowered their price objective on Saputo from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$45.50.

Shares of TSE:SAP opened at C$40.39 on Friday. Saputo has a one year low of C$37.38 and a one year high of C$46.41. The business’s 50-day simple moving average is C$39.05 and its 200 day simple moving average is C$41.02. The company has a debt-to-equity ratio of 91.33, a quick ratio of 0.55 and a current ratio of 1.29. The company has a market cap of $16.27 billion and a P/E ratio of 21.05.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.42 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.01). The business had revenue of C$3.67 billion during the quarter, compared to analysts’ expectations of C$3.61 billion. Analysts predict that Saputo will post 1.9600002 earnings per share for the current year.

Saputo Company Profile

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.

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Analyst Recommendations for Saputo (TSE:SAP)

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