TD Securities Cuts Saputo (TSE:SAP) Price Target to C$36.00

Saputo (TSE:SAPGet Free Report) had its target price decreased by equities researchers at TD Securities from C$40.00 to C$36.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 29.68% from the company’s current price.

A number of other research firms also recently issued reports on SAP. CIBC reduced their price target on shares of Saputo from C$37.00 to C$36.00 and set an “outperform” rating for the company in a research report on Tuesday, January 30th. Desjardins reduced their price target on shares of Saputo from C$35.00 to C$33.00 and set a “buy” rating for the company in a research report on Monday, November 13th. BMO Capital Markets reduced their price target on shares of Saputo from C$37.00 to C$34.00 and set an “outperform” rating for the company in a research report on Monday, November 13th. Royal Bank of Canada cut their price objective on Saputo from C$40.00 to C$36.00 and set an “outperform” rating for the company in a research report on Friday, February 2nd. Finally, Scotiabank upgraded Saputo from a “sector perform” rating to an “outperform” rating and set a C$31.50 price objective for the company in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$33.81.

Read Our Latest Research Report on Saputo

Saputo Stock Performance

TSE:SAP traded up C$0.38 during mid-day trading on Monday, reaching C$27.76. The stock had a trading volume of 411,271 shares, compared to its average volume of 424,790. The company has a debt-to-equity ratio of 56.82, a quick ratio of 0.67 and a current ratio of 1.64. The firm has a market capitalization of C$11.75 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 0.21 and a beta of 0.33. Saputo has a twelve month low of C$25.75 and a twelve month high of C$37.30. The business has a 50 day simple moving average of C$27.17 and a 200 day simple moving average of C$27.69.

Saputo (TSE:SAPGet Free Report) last posted its quarterly earnings results on Thursday, November 9th. The company reported C$0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.41 by C$0.02. Saputo had a net margin of 3.61% and a return on equity of 8.99%. The company had revenue of C$4.32 billion during the quarter, compared to the consensus estimate of C$4.48 billion. On average, analysts expect that Saputo will post 1.9541724 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Thomas Atherton bought 7,650 shares of the stock in a transaction on Wednesday, November 29th. The stock was purchased at an average cost of C$25.91 per share, with a total value of C$198,173.25. 42.12% of the stock is owned by corporate insiders.

About Saputo

(Get Free Report)

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.

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