Saputo (TSE:SAP) Given a C$49.00 Price Target at Ventum Financial

Saputo (TSE:SAP) received a C$49.00 target price from stock analysts at Ventum Financial in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s price objective indicates a potential upside of 17.59% from the company’s current price.

A number of other research firms also recently issued reports on SAP. National Bank Financial raised their price objective on shares of Saputo from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Monday. Jefferies Financial Group cut shares of Saputo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. TD Securities raised shares of Saputo to a “strong-buy” rating in a research report on Monday, June 22nd. Ventum Capital raised their price target on shares of Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, TD lifted their price target on shares of Saputo from C$51.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.18.

Saputo Stock Performance

Saputo stock traded up C$1.10 during mid-day trading on Monday, reaching C$41.67. 525,761 shares of the company’s stock were exchanged, compared to its average volume of 964,766. The firm has a market capitalization of C$16.54 billion, a PE ratio of 25.56, a P/E/G ratio of 0.56 and a beta of 0.15. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 48.08. The business’s fifty day simple moving average is C$41.33 and its 200 day simple moving average is C$41.66. Saputo has a one year low of C$31.94 and a one year high of C$45.09.

Saputo (TSE:SAP) last released its earnings results on Thursday, August 6th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$4.42 billion for the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%. On average, sell-side analysts expect that Saputo will post 1.7735369 earnings per share for the current year.

Insider Buying and Selling at Saputo

In other Saputo news, Director Maxime Therrien sold 19,601 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of C$42.06, for a total transaction of C$824,418.06. Following the completion of the transaction, the director owned 64,213 shares in the company, valued at C$2,700,798.78. This trade represents a 23.39% decrease in their ownership of the stock. Also, insider Martin Gagnon sold 12,926 shares of Saputo stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of C$41.99, for a total transaction of C$542,762.74. Following the completion of the transaction, the insider owned 31,362 shares of the company’s stock, valued at C$1,316,890.38. The trade was a 29.19% decrease in their position. Insiders have sold a total of 155,766 shares of company stock valued at $6,525,571 over the last three months. 40.45% of the stock is currently owned by insiders.

About Saputo

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.