Saputo (TSE:SAP) PT Set at C$49.00 by Ventum Capital

Saputo (TSE:SAP) has been given a C$49.00 price objective by research analysts at Ventum Capital in a report issued on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Ventum Capital’s price target points to a potential upside of 20.69% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group downgraded shares of Saputo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. National Bank Financial boosted their price objective on shares of Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Ventum Financial set a C$49.00 price objective on shares of Saputo and gave the company a “buy” rating in a report on Monday, August 10th. Finally, TD increased their target price on shares of Saputo from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.27.

Saputo Stock Performance

TSE SAP traded up C$0.15 on Wednesday, reaching C$40.60. The stock had a trading volume of 371,307 shares, compared to its average volume of 900,893. The company has a debt-to-equity ratio of 41.86, a current ratio of 1.51 and a quick ratio of 0.67. The firm has a fifty day moving average of C$40.10 and a two-hundred day moving average of C$40.82. Saputo has a 1-year low of C$33.14 and a 1-year high of C$45.09. The company has a market cap of C$16.12 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 0.56 and a beta of 0.19.

Saputo (TSE:SAP) last posted its earnings results on Thursday, August 6th. The company reported C$0.49 earnings per share for the quarter. The company had revenue of C$4.42 billion during the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. On average, equities research analysts anticipate that Saputo will post 1.77 EPS for the current year.

Saputo Company Profile

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.