Saputo Inc. (OTCMKTS:SAPIF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Saputo Inc. (OTCMKTS:SAPIF) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company.

Several brokerages have weighed in on SAPIF. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Saputo in a research note on Monday. TD Securities reissued a “buy” rating on shares of Saputo in a research note on Monday, February 9th. BMO Capital Markets reissued a “market perform” rating on shares of Saputo in a research note on Monday, February 9th. Finally, Scotiabank reissued an “outperform” rating on shares of Saputo in a research note on Monday, February 9th.

Saputo Stock Performance

OTCMKTS SAPIF traded down $1.33 during trading on Monday, hitting $29.34. 2,921 shares of the stock traded hands, compared to its average volume of 90,367. The firm has a 50-day simple moving average of $30.04 and a 200-day simple moving average of $30.05. Saputo has a 12-month low of $19.33 and a 12-month high of $32.49.

Saputo Company Profile

Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada‐based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private‐label offerings in North America and beyond.

Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.