Saputo Inc. (OTCMKTS:SAPIF) Stock Rated “Moderate Buy” by Sell-Side Analysts

Saputo Inc. (OTCMKTS:SAPIF) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of brokerages have recently weighed in on SAPIF. Jefferies Financial Group lowered shares of Saputo to a “hold” rating in a research note on Friday, July 24th. Canadian Imperial Bank of Commerce began coverage on Saputo in a research report on Thursday, October 22nd. They issued a “neutral” rating for the company.

Saputo Stock Performance

Shares of OTCMKTS SAPIF opened at $29.70 on Thursday. Saputo has a fifty-two week low of $24.05 and a fifty-two week high of $32.49. The firm’s 50-day simple moving average is $28.45 and its 200 day simple moving average is $29.67.

Saputo Company Profile

Saputo Inc is a Canadian dairy processor and one of the largest dairy companies in the world. Founded in Montreal in 1954 by Lino Saputo, the company produces, distributes and markets a broad range of dairy products for retail, foodservice and industrial customers.

Its product portfolio includes cheese, fluid milk, cream, cultured dairy products, butter, dairy ingredients, milk powders, whey products and other specialty dairy items. Saputo markets products under a range of established regional and international brands, as well as through private-label and business-to-business offerings.

Saputo operates manufacturing facilities and distribution networks across Canada, the United States, Australia, Argentina and the United Kingdom, serving customers in domestic and international markets.