Saputo Inc. (TSE:SAP) Upgraded by Royal Bank Of Canada to Outperform

Saputo Inc. (TSE:SAP) was upgraded by equities research analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, July 19th. The firm presently has a C$48.00 price target on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 10.40% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. TD Securities dropped their target price on Saputo from C$49.00 to C$48.00 and set a “hold” rating on the stock in a report on Friday, June 2nd. Desjardins upgraded Saputo from a “hold” rating to a “buy” rating and set a C$47.00 target price on the stock in a report on Friday, June 2nd. CIBC dropped their target price on Saputo from C$54.00 to C$51.00 in a report on Friday, June 2nd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$48.00 target price on shares of Saputo in a report on Thursday, April 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$49.29.

Shares of Saputo (TSE:SAP) traded down 0.41% during midday trading on Wednesday, reaching $43.30. 147,642 shares of the company’s stock traded hands. Saputo has a 52 week low of $39.74 and a 52 week high of $48.98. The stock’s 50 day moving average is $41.88 and its 200-day moving average is $44.14. The company has a market capitalization of $16.72 billion and a PE ratio of 22.67.

Saputo (TSE:SAP) last announced its earnings results on Thursday, June 1st. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.48 by $0.06. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Saputo had a net margin of 6.93% and a return on equity of 18.57%. On average, analysts forecast that Saputo will post $2.04 earnings per share for the current fiscal year.

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In other Saputo news, Director Diane Nyisztor acquired 1,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was purchased at an average price of C$41.93 per share, for a total transaction of C$41,930.00. Also, insider Louise St-Jean sold 838 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of C$43.39, for a total value of C$36,360.82. In the last 90 days, insiders have acquired 2,490 shares of company stock valued at $105,967.

Saputo Company Profile

Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).

Analyst Recommendations for Saputo (TSE:SAP)

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