Saputo Inc. (SAP) Receives Average Rating of “Buy” from Brokerages

Shares of Saputo Inc. (TSE:SAP) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$46.14.

A number of research analysts recently weighed in on SAP shares. Royal Bank of Canada increased their price objective on shares of Saputo from C$46.00 to C$52.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. National Bank Financial increased their price objective on shares of Saputo from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Friday, February 8th. CIBC increased their price objective on shares of Saputo from C$42.00 to C$44.00 in a research report on Friday, February 8th. TD Securities increased 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, BMO Capital Markets increased their price objective on shares of Saputo from C$43.00 to C$44.00 in a research report on Monday, February 25th.

Saputo stock traded down C$2.80 during midday trading on Friday, reaching C$40.13. 1,808,504 shares of the company traded hands, compared to its average volume of 451,411. The company has a market cap of $17.73 billion and a price-to-earnings ratio of 20.69. Saputo has a 12 month low of C$35.56 and a 12 month high of C$46.41. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 45.98.

About Saputo

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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