Saputo (TSE:SAP) had its price target lowered by equities researchers at National Bank Financial from C$49.00 to C$46.00 in a research note issued to investors on Friday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 11.41% from the stock’s previous close.

Several other research firms also recently commented on SAP. Desjardins downgraded shares of Saputo from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$47.00 price target on shares of Saputo in a research note on Friday, October 27th. TD Securities raised their price target on shares of Saputo from C$49.00 to C$52.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Scotiabank reduced their price target on shares of Saputo from C$58.00 to C$57.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Finally, Royal Bank of Canada reduced their price target on shares of Saputo from C$49.00 to C$48.00 in a research note on Friday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Saputo presently has an average rating of “Buy” and an average target price of C$49.00.

Saputo (SAP) opened at C$41.29 on Friday. The company has a market cap of $16,010.00, a PE ratio of 18.27 and a beta of -0.03. Saputo has a 12 month low of C$39.74 and a 12 month high of C$47.59.

Saputo (TSE:SAP) last posted its quarterly earnings results on Thursday, February 1st. The company reported C$0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.51 by C($0.04). The company had revenue of C$3.02 billion during the quarter, compared to analysts’ expectations of C$2.93 billion. Saputo had a return on equity of 17.20% and a net margin of 6.42%.

In other Saputo news, Director Paul Corney sold 2,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of C$44.00, for a total transaction of C$88,000.00.

COPYRIGHT VIOLATION WARNING: This report was reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/saputo-sap-pt-lowered-to-c46-00/1842951.html.

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)

Receive News & Ratings for Saputo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo and related companies with MarketBeat.com's FREE daily email newsletter.