Saputo Inc. (SAP) PT Lowered to C$49.00
Saputo Inc. (TSE:SAP) had its price target cut by stock analysts at National Bank Financial from C$50.00 to C$49.00 in a research report issued on Sunday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 8.89% from the company’s previous close. 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 $0.64 EPS, Q2 2019 earnings at $0.65 EPS, Q3 2019 earnings at $0.60 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $2.37 EPS.
A number of other equities research analysts also recently weighed in on SAP. Royal Bank Of Canada raised shares of Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 price target for the company in a research note on Wednesday, July 19th. TD Securities raised shares of Saputo from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$48.00 to C$49.00 in a research note on Wednesday, August 2nd. 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. Desjardins downgraded shares of Saputo from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Scotiabank lowered their target price on shares of Saputo from C$58.00 to C$57.00 and set an “outperform” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$50.14.
Shares of Saputo (SAP) opened at C$45.00 on Friday. Saputo has a 12 month low of C$39.74 and a 12 month high of C$48.98.
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In other Saputo news, insider Louise St-Jean sold 838 shares of the company’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.
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).
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