National Bankshares Increases Saputo (TSE:SAP) Price Target to C$46.00

Saputo (TSE:SAP) had its price objective lifted by analysts at National Bankshares from C$45.00 to C$46.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 7.60% from the company’s previous close.

A number of other research firms have also commented on SAP. Jefferies Financial Group raised their price target on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Desjardins raised their target price on shares of Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday. TD Securities lifted their price target on shares of Saputo from C$49.00 to C$51.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets increased their price target on Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, Canadian Imperial Bank of Commerce raised their price objective on Saputo from C$40.00 to C$44.00 in a research note on Friday, January 30th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$44.63.

Saputo Stock Performance

Shares of Saputo stock traded up C$0.01 on Monday, hitting C$42.75. The stock had a trading volume of 375,716 shares, compared to its average volume of 808,838. The stock has a market cap of C$17.53 billion, a price-to-earnings ratio of -213.75, a price-to-earnings-growth ratio of 0.56 and a beta of 0.04. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. Saputo has a twelve month low of C$23.72 and a twelve month high of C$44.00. The business’s 50 day moving average is C$40.93 and its two-hundred day moving average is C$36.39.

Saputo (TSE:SAP) last released its quarterly earnings results on Thursday, February 5th. The company reported C$0.57 earnings per share (EPS) for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%.The business had revenue of C$4.89 billion during the quarter. Analysts forecast that Saputo will post 1.7735369 EPS for the current year.

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.