BMO Capital Markets Raises Saputo (TSE:SAP) Price Target to C$37.00

Saputo (TSE:SAP) had its target price increased by equities researchers at BMO Capital Markets from C$34.00 to C$37.00 in a research note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 1.12% from the stock’s previous close.

Several other research analysts also recently commented on SAP. TD Securities boosted their target price on Saputo from C$35.00 to C$38.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Royal Bank Of Canada increased their target price on Saputo from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Desjardins raised their target price on Saputo from C$31.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Jefferies Financial Group upped their price target on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, National Bankshares raised their price objective on shares of Saputo from C$29.00 to C$35.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Saputo has a consensus rating of “Moderate Buy” and an average price target of C$38.63.

Saputo Price Performance

SAP stock traded up C$1.23 during trading on Monday, hitting C$36.59. 766,272 shares of the stock traded hands, compared to its average volume of 701,462. Saputo has a one year low of C$22.59 and a one year high of C$37.18. The stock has a market cap of C$15.08 billion, a price-to-earnings ratio of -107.62, a P/E/G ratio of 0.56 and a beta of 0.07. The company has a 50 day simple moving average of C$33.89 and a 200 day simple moving average of C$30.23. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68.

Insider Transactions at Saputo

In related news, insider Leanne Cutts bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average price of C$32.93 per share, for a total transaction of C$131,720.00. Following the completion of the acquisition, the insider owned 23,500 shares of the company’s stock, valued at approximately C$773,855. The trade was a 20.51% increase in their position. Insiders own 40.45% of the company’s stock.

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.