Analysts Set Saputo Inc. (SAP) PT at $48.00

Saputo Inc. (TSE:SAP) has been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$48.00.

Several equities analysts have recently weighed in on SAP shares. Royal Bank of Canada reduced their price objective on shares of Saputo from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research report on Monday, January 21st. National Bank Financial reduced their price objective on shares of Saputo from C$44.00 to C$43.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 23rd. BMO Capital Markets reduced their price objective on shares of Saputo from C$44.00 to C$43.00 in a research report on Tuesday, January 29th. TD Securities raised their price objective on shares of Saputo from C$42.00 to C$43.00 and gave the company a “hold” rating in a research report on Friday, February 8th. Finally, CIBC raised their price objective on shares of Saputo from C$42.00 to C$44.00 in a research report on Friday, February 8th.

Saputo stock traded up C$0.23 during trading hours on Monday, hitting C$45.78. 131,924 shares of the company traded hands, compared to its average volume of 434,071. The stock has a market cap of $17.64 billion and a price-to-earnings ratio of 23.48. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 45.98. Saputo has a 1-year low of C$35.56 and a 1-year high of C$46.41.

Saputo (TSE:SAP) last released its earnings results on Thursday, February 7th. The company reported C$0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.45 by C($0.01). The business had revenue of C$3.58 billion for the quarter, compared to analysts’ expectations of C$3.56 billion. Research analysts expect that Saputo will post 2.02999998652655 earnings per share for the current fiscal year.

Saputo Company Profile

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.

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Analyst Recommendations for Saputo (TSE:SAP)

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