TD Securities Boosts Saputo (TSE:SAP) Price Target to C$45.00

Saputo (TSE:SAP) had its price objective upped by TD Securities from C$41.00 to C$45.00 in a report issued on Friday, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities analysts also recently commented on SAP. BMO Capital Markets upped their price objective on shares of Saputo from C$44.00 to C$45.00 in a research note on Monday, April 29th. Desjardins downgraded shares of Saputo from a buy rating to a hold rating in a research note on Friday, June 7th. Royal Bank of Canada lowered their price objective on shares of Saputo from C$52.00 to C$50.00 and set an outperform rating for the company in a research note on Friday, June 7th. National Bank Financial upped 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 note on Friday. Finally, CIBC lowered their price objective on shares of Saputo from C$47.00 to C$43.00 and set a neutral rating for the company in a research note on Friday, June 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Saputo currently has a consensus rating of Hold and a consensus target price of C$45.67.

Saputo stock remained flat at $C$42.06 during mid-day trading on Friday. 626,600 shares of the company’s stock traded hands, compared to its average volume of 450,434. The company has a current ratio of 1.62, a quick ratio of 0.72 and a debt-to-equity ratio of 44.23. The stock has a market capitalization of $16.41 billion and a PE ratio of 21.79. The business has a 50 day moving average price of C$39.74. Saputo has a 1-year low of C$35.56 and a 1-year high of C$46.41.

Saputo (TSE:SAP) last posted its quarterly earnings results on Thursday, June 6th. The company reported C$0.32 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.08). The business had revenue of C$3.24 billion for the quarter, compared to analyst estimates of C$3.36 billion. Equities research analysts expect that Saputo will post 2.0199999 earnings per share for the current year.

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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