National Bank Financial Lowers Saputo Inc. (TSE:SAP) Price Target to C$49.00

Saputo Inc. (TSE:SAP) had its target price lowered by National Bank Financial from C$50.00 to C$49.00 in a research note issued to investors on Sunday, November 5th. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Saputo’s Q4 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.49 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.65 EPS, Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.60 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $2.37 EPS.

SAP has been the subject of a number of other reports. Desjardins lowered Saputo from a buy rating to a hold rating in a research note on Monday, October 30th. BMO Capital Markets reissued a market perform rating and set a C$47.00 price target on shares of Saputo in a research note on Friday, October 27th. TD Securities raised their price objective on Saputo from C$49.00 to C$52.00 and gave the company a buy rating in a research note on Friday, October 27th. Scotiabank lowered their price objective on Saputo from C$58.00 to C$57.00 and set an outperform rating for the company in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada raised Saputo from a sector perform rating to an outperform rating and set a C$48.00 price objective for the company in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of C$50.14.

Saputo (TSE SAP) traded down C$0.06 during trading hours on Friday, hitting C$44.12. The company had a trading volume of 116,410 shares, compared to its average volume of 519,623. Saputo has a 12-month low of C$39.74 and a 12-month high of C$48.98.

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In related news, Director Paul Corney sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of C$44.00, for a total transaction of C$88,000.00.

Saputo Company Profile

Saputo Inc produces, markets, and distributes various dairy products in Canada, the United States, Argentina, and Australia. It offers a range of cheese products, such as mozzarella, American-style, specialty cheeses, cheddar, fine cheeses, and other cheeses; butter; and dairy and non-dairy extended shelf-life products, including cream and creamers, ice cream mixes, whipping creams, aerosol whipped toppings, iced coffee, and value-added milks, as well as cultured products, such as sour cream and cottage cheese.

Analyst Recommendations for Saputo (TSE:SAP)

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