Saputo (TSE:SAP) Price Target Raised to C$42.00 at BMO Capital Markets

Saputo (TSE:SAP) had its price target increased by BMO Capital Markets from C$41.00 to C$42.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential downside of 1.75% from the stock’s previous close.

SAP has been the subject of a number of other reports. TD Securities raised their price target on shares of Saputo from C$49.00 to C$51.00 and gave the stock a “buy” rating in a research report on Monday. Desjardins increased their price target on Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday. Canadian Imperial Bank of Commerce upped their target price on Saputo from C$40.00 to C$44.00 in a research note on Friday, January 30th. Royal Bank Of Canada lifted their price target on Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Sunday. Finally, Jefferies Financial Group boosted their price target on Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Saputo currently has an average rating of “Moderate Buy” and a consensus price target of C$44.63.

Saputo Stock Performance

SAP traded up C$0.01 on Monday, reaching C$42.75. 375,716 shares of the stock were exchanged, compared to its average volume of 808,838. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The company’s 50-day moving average price is C$40.93 and its 200 day moving average price is C$36.39. The firm has a market capitalization of C$17.53 billion, a PE ratio of -213.75, a PEG ratio of 0.56 and a beta of 0.04. Saputo has a fifty-two week low of C$23.72 and a fifty-two week high of C$44.00.

Saputo (TSE:SAP) last announced its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%.The business had revenue of C$4.89 billion for the quarter. As a group, sell-side analysts forecast that Saputo will post 1.7735369 EPS for the current fiscal year.

About Saputo

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.