Q4 2018 EPS Estimates for Saputo Inc. Increased by National Bank Financial (SAP)
Saputo Inc. (TSE:SAP) – Investment analysts at National Bank Financial lifted their Q4 2018 EPS estimates for shares of Saputo in a note issued to investors on Wednesday. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $0.49 per share for the quarter, up from their prior estimate of $0.48. National Bank Financial has a “Sector Perform” rating and a $49.00 price target on the stock. National Bank Financial also issued estimates for Saputo’s Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.65 EPS, Q3 2019 earnings at $0.60 EPS and FY2019 earnings at $2.37 EPS.
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SAP has been the subject of a number of other research reports. Royal Bank Of Canada raised shares of Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 price target for the company in a report on Wednesday, July 19th. Desjardins lowered shares of Saputo from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Scotiabank lowered their price target on shares of Saputo from C$58.00 to C$57.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. TD Securities raised their price target on shares of Saputo from C$49.00 to C$52.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$47.00 target price on shares of Saputo in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Saputo has a consensus rating of “Buy” and an average price target of C$50.14.
Shares of Saputo (TSE SAP) traded up C$0.03 during trading on Monday, hitting C$44.58. 402,548 shares of the company were exchanged, compared to its average volume of 491,175. Saputo has a fifty-two week low of C$39.74 and a fifty-two week high of C$48.98.
In other Saputo news, insider Louise St-Jean sold 838 shares of Saputo stock in a transaction on Monday, August 14th. The shares were sold at an average price of C$43.39, for a total transaction of C$36,360.82.
Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
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