Saputo (TSE:SAP) Stock Rating Upgraded by TD Securities

Saputo (TSE:SAP) was upgraded by investment analysts at TD Securities to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on SAP. Ventum Capital increased their target price on shares of Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. TD lowered their price target on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a report on Monday, June 8th. National Bank Financial lowered their price target on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Finally, Ventum Financial set a C$47.00 price target on shares of Saputo and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Saputo has a consensus rating of “Moderate Buy” and a consensus target price of C$46.73.

Saputo Price Performance

Shares of SAP opened at C$40.80 on Monday. The company has a market capitalization of C$16.34 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 0.56 and a beta of 0.06. Saputo has a fifty-two week low of C$26.50 and a fifty-two week high of C$45.09. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.71 and a quick ratio of 0.67. The business’s 50-day moving average is C$40.93 and its 200-day moving average is C$41.55.

Saputo (TSE:SAP) last posted its quarterly earnings results on Thursday, June 4th. The company reported C$0.41 EPS for the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. The business had revenue of C$3.31 billion during the quarter. Equities research analysts expect that Saputo will post 1.7735369 EPS for the current fiscal year.

Insider Transactions at Saputo

In related news, insider Martin Gagnon sold 12,926 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of C$41.99, for a total value of C$542,762.74. Following the transaction, the insider directly owned 31,362 shares of the company’s stock, valued at approximately C$1,316,890.38. This trade represents a 29.19% decrease in their position. Also, insider Leanne Cutts sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of C$41.73, for a total value of C$417,300.00. Following the completion of the sale, the insider owned 23,790 shares of the company’s stock, valued at approximately C$992,756.70. This trade represents a 29.59% decrease in their ownership of the stock. In the last quarter, insiders sold 121,453 shares of company stock worth $5,082,072. 40.45% of the stock is owned by corporate insiders.

About Saputo

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.