Saputo Inc. (OTCMKTS:SAPIF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Saputo Inc. (OTCMKTS:SAPIF) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

SAPIF has been the topic of several analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Saputo in a research report on Monday, February 9th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Saputo in a report on Monday. BMO Capital Markets reiterated a “market perform” rating on shares of Saputo in a research note on Monday, February 9th. Finally, TD Securities reaffirmed a “buy” rating on shares of Saputo in a report on Monday, February 9th.

Saputo Price Performance

Shares of OTCMKTS SAPIF traded down $1.33 during mid-day trading on Monday, hitting $29.34. The stock had a trading volume of 2,921 shares, compared to its average volume of 90,367. The company has a 50 day moving average of $30.04 and a two-hundred day moving average of $30.05. Saputo has a twelve month low of $19.33 and a twelve month high of $32.49.

Saputo Company Profile

Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada‐based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private‐label offerings in North America and beyond.

Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.