Saputo (TSE:SAP) Given New C$48.00 Price Target at Ventum Capital

Saputo (TSE:SAP) had its target price upped by equities researchers at Ventum Capital from C$47.00 to C$48.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Capital’s price target suggests a potential upside of 16.62% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Ventum Financial set a C$47.00 price objective on Saputo and gave the company a “buy” rating in a report on Wednesday, April 22nd. BMO Capital Markets upped their price objective on Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research note on Monday, February 9th. National Bank Financial reduced their target price on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Scotiabank increased their price target on Saputo from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada increased their price target on Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Sunday, February 8th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$46.73.

Saputo Stock Performance

TSE:SAP traded down C$1.68 on Monday, hitting C$41.16. The stock had a trading volume of 523,253 shares, compared to its average volume of 999,018. The stock has a market cap of C$16.68 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 0.56 and a beta of 0.06. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 48.08. The business’s 50-day simple moving average is C$41.38 and its two-hundred day simple moving average is C$41.36. Saputo has a 52-week low of C$26.00 and a 52-week high of C$45.09.

Saputo (TSE:SAP) last announced its earnings results on Thursday, June 4th. The company reported C$0.41 earnings per share (EPS) for the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%.The business had revenue of C$3.31 billion for the quarter. As a group, research analysts predict that Saputo will post 1.7735369 earnings per share for the current 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.