Saputo Inc. (TSE:SAP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Saputo Inc. (TSE:SAP) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$46.11.

Several equities research analysts recently commented on SAP shares. Scotiabank increased their price objective on Saputo from C$47.00 to C$49.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Ventum Financial set a C$47.00 price objective on Saputo and gave the company a “buy” rating in a research report on Wednesday, April 22nd. National Bank Financial dropped their price objective on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Sunday, February 8th. Finally, BMO Capital Markets increased their price objective on Saputo from C$41.00 to C$42.00 and gave the company a “market perform” rating in a research report on Monday, February 9th.

Saputo Price Performance

Shares of TSE:SAP opened at C$42.91 on Friday. Saputo has a 1-year low of C$25.17 and a 1-year high of C$45.09. The company has a debt-to-equity ratio of 59.15, a current ratio of 1.64 and a quick ratio of 0.67. The business has a fifty day moving average price of C$41.40 and a 200-day moving average price of C$41.29. The company has a market capitalization of C$17.39 billion, a PE ratio of 27.51, a PEG ratio of 0.56 and a beta of 0.10.

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.