Saputo Inc. (OTCMKTS:SAPIF) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Saputo Inc. (OTCMKTS:SAPIF) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

Several equities analysts have weighed in on the company. Jefferies Financial Group lowered Saputo to a “hold” rating in a report on Friday, July 24th. Canadian Imperial Bank of Commerce began coverage on Saputo in a research note on Thursday, October 22nd. They set a “neutral” rating for the company.

Saputo Trading Up 1.2%

Shares of OTCMKTS:SAPIF opened at $29.70 on Thursday. Saputo has a 1 year low of $24.05 and a 1 year high of $32.49. The firm has a fifty day moving average price of $28.45 and a 200 day moving average price of $29.67.

Saputo Company Profile

Saputo Inc is a Canadian dairy processor and one of the largest dairy companies in the world. Founded in Montreal in 1954 by Lino Saputo, the company produces, distributes and markets a broad range of dairy products for retail, foodservice and industrial customers.

Its product portfolio includes cheese, fluid milk, cream, cultured dairy products, butter, dairy ingredients, milk powders, whey products and other specialty dairy items. Saputo markets products under a range of established regional and international brands, as well as through private-label and business-to-business offerings.

Saputo operates manufacturing facilities and distribution networks across Canada, the United States, Australia, Argentina and the United Kingdom, serving customers in domestic and international markets.