Saputo (TSE:SAP) Price Target Raised to C$51.00

Saputo (TSE:SAP) had its target price increased by equities research analysts at TD Securities from C$49.00 to C$51.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 19.30% from the company’s current price.

SAP has been the subject of several other research reports. Canadian Imperial Bank of Commerce upped their price target on shares of Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. Jefferies Financial Group increased their target price on Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. National Bankshares lifted their price target on Saputo from C$38.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Desjardins raised their price objective on Saputo from C$40.00 to C$45.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, Royal Bank Of Canada lifted their target price on Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research note on Sunday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$44.63.

Saputo Price Performance

Shares of SAP traded up C$0.01 during trading hours on Monday, hitting C$42.75. 375,716 shares of the company were exchanged, compared to its average volume of 808,838. The firm has a fifty day simple moving average of C$40.93 and a 200-day simple moving average of C$36.39. The company 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. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. Saputo has a one year low of C$23.72 and a one year high of C$44.00.

Saputo (TSE:SAP) last released its quarterly earnings results on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. The business 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%. As a group, sell-side analysts predict that Saputo will post 1.7735369 earnings per share for the current 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.