National Bank Financial Analysts Lower Earnings Estimates for Saputo Inc. (TSE:SAP)

Saputo Inc. (TSE:SAP) – Analysts at National Bank Financial reduced their Q3 2020 EPS estimates for Saputo in a note issued to investors on Sunday, June 9th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $0.51 per share for the quarter, down from their previous estimate of $0.60. National Bank Financial currently has a “Sector Perform” rating and a $43.00 target price on the stock. National Bank Financial also issued estimates for Saputo’s Q4 2020 earnings at $0.42 EPS, FY2020 earnings at $1.78 EPS and FY2021 earnings at $2.24 EPS.

Other equities analysts also recently issued reports about the stock. CIBC increased their price objective on shares of Saputo from C$44.00 to C$47.00 in a research note on Monday, February 25th. BMO Capital Markets increased their price objective on shares of Saputo from C$43.00 to C$44.00 in a research note on Monday, February 25th. Desjardins increased their price objective on shares of Saputo from C$44.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, February 25th. TD Securities increased their price objective on shares of Saputo from C$43.00 to C$45.00 and gave the company a “hold” rating in a research note on Monday, February 25th. Finally, Royal Bank of Canada increased their price objective on shares of Saputo from C$46.00 to C$52.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$44.83.

Shares of TSE:SAP opened at C$39.62 on Wednesday. The company has a market cap of $15.61 billion and a PE ratio of 20.42. Saputo has a one year low of C$35.56 and a one year high of C$46.41. The company has a debt-to-equity ratio of 45.98, a quick ratio of 0.71 and a current ratio of 1.60.

Saputo Company Profile

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.

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Earnings History and Estimates for Saputo (TSE:SAP)

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