National Bankshares Forecasts Strong Price Appreciation for Saputo (TSE:SAP) Stock

Saputo (TSE:SAP) had its price target lifted by analysts at National Bankshares from C$45.00 to C$46.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 7.60% from the stock’s previous close.

Several other research analysts also recently issued reports on the company. Jefferies Financial Group upped their price objective on Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Canadian Imperial Bank of Commerce upped their price target on shares of Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. Desjardins lifted their price target on shares of Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets boosted their price objective on shares of Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, TD Securities raised their target price on Saputo from C$49.00 to C$51.00 and gave the stock a “buy” rating in a research report on Monday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$44.63.

Saputo Price Performance

Shares of TSE:SAP traded up C$0.01 during trading on Monday, hitting C$42.75. 375,716 shares of the company were exchanged, compared to its average volume of 808,838. Saputo has a 1-year low of C$23.72 and a 1-year high of C$44.00. The company has a market capitalization of C$17.53 billion, a P/E ratio of -213.75, a price-to-earnings-growth ratio of 0.56 and a beta of 0.04. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The business’s 50 day moving average is C$40.93 and its 200-day moving average is C$36.39.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%.The business had revenue of C$4.89 billion for the quarter. Equities analysts forecast that Saputo will post 1.7735369 earnings per share 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.