Saputo (TSE:SAP) Stock Price Expected to Rise, Scotia Analyst Says

Saputo (TSE:SAP) had its price objective boosted by Scotia from C$49.00 to C$51.00 in a note issued to investors on Monday, BayStreet reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia‘s price objective indicates a potential upside of 14.81% from the stock’s current price.

Several other brokerages have also weighed in on SAP. Ventum Financial set a C$49.00 target price on shares of Saputo and gave the stock a “buy” rating in a research note on Monday, August 10th. TD lifted their price target on shares of Saputo from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce set a C$45.00 price target on shares of Saputo and gave the company a “hold” rating in a research note on Thursday, October 22nd. Ventum Capital set a C$49.00 price objective on shares of Saputo and gave the stock a “buy” rating in a report on Wednesday, October 21st. Finally, Jefferies Financial Group cut shares of Saputo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Saputo currently has an average rating of “Moderate Buy” and an average price target of C$48.92.

Saputo Trading Up 1.0%

Shares of SAP stock traded up C$0.43 during trading on Monday, hitting C$44.42. 515,301 shares of the stock traded hands, compared to its average volume of 892,257. Saputo has a 52-week low of C$35.50 and a 52-week high of C$45.09. The company has a debt-to-equity ratio of 41.86, a current ratio of 1.51 and a quick ratio of 0.67. The firm has a market capitalization of C$17.45 billion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 0.56 and a beta of 0.16. The firm’s fifty day moving average price is C$40.03 and its 200-day moving average price is C$41.23.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, November 5th. The company reported C$0.55 EPS for the quarter. The business had revenue of C$4.26 billion for the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. As a group, research analysts forecast that Saputo will post 1.77 earnings per share for the current fiscal year.

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.