Saputo (TSE:SAP) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Saputo (TSE:SAP) had its price target lifted by equities research analysts at BMO Capital Markets from C$41.00 to C$42.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential downside of 1.75% from the company’s previous close.

Several other equities analysts also recently weighed in on SAP. Jefferies Financial Group raised their price target on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada increased their price objective on shares of Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Sunday. National Bankshares boosted their target price on Saputo from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce increased their price target on Saputo from C$40.00 to C$44.00 in a report on Friday, January 30th. Finally, TD Securities boosted their price objective on Saputo from C$49.00 to C$51.00 and gave the stock a “buy” rating in a research note on Monday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$44.63.

Saputo Price Performance

Shares of Saputo stock traded up C$0.01 during mid-day trading on Monday, reaching C$42.75. 375,716 shares of the stock traded hands, compared to its average volume of 808,838. The stock has a market capitalization of C$17.53 billion, a PE ratio of -213.75, a PEG ratio of 0.56 and a beta of 0.04. The business has a 50-day moving average of C$40.93 and a 200 day moving average of C$36.39. Saputo has a fifty-two week low of C$23.72 and a fifty-two week high of C$44.00. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68.

Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, February 5th. The company reported C$0.57 EPS for the quarter. The firm had revenue of C$4.89 billion during the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%. On average, analysts predict that Saputo will post 1.7735369 EPS for the current year.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.