Saputo (TSE:SAP) Price Target Raised to C$52.00

Saputo (TSE:SAP) had its target price raised by research analysts at TD Securities from C$51.00 to C$52.00 in a report issued on Sunday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 22.70% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Scotiabank lifted their price target on shares of Saputo from C$47.00 to C$49.00 and gave the company an “outperform” rating in a report on Friday. Desjardins boosted their target price on Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Canadian Imperial Bank of Commerce raised their price target on Saputo from C$40.00 to C$44.00 in a report on Friday, January 30th. BMO Capital Markets lifted their price objective on Saputo from C$41.00 to C$42.00 and gave the company a “market perform” rating in a research report on Monday, February 9th. Finally, National Bank Financial boosted their price objective on Saputo from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$46.25.

Saputo Price Performance

SAP stock traded down C$1.20 during trading on Friday, hitting C$42.38. The company had a trading volume of 1,108,463 shares, compared to its average volume of 869,430. The company has a fifty day moving average price of C$41.25 and a two-hundred day moving average price of C$36.81. Saputo has a fifty-two week low of C$23.94 and a fifty-two week high of C$44.00. The company has a market cap of C$17.17 billion, a P/E ratio of 27.17, a P/E/G ratio of 0.56 and a beta of 0.04. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68.

Saputo (TSE:SAP) last released its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 earnings per share (EPS) for the quarter. The firm had revenue of C$4.89 billion during the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%. Equities research analysts expect that Saputo will post 1.7735369 earnings per share for the current fiscal year.

Saputo Company Profile

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.