Saputo (TSE:SAP) has been given a C$44.00 price objective by equities research analysts at BMO Capital Markets in a research report issued on Thursday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 7.21% from the stock’s previous close.
SAP has been the subject of a number of other reports. Desjardins reduced their target price on shares of Saputo from C$49.00 to C$48.00 and set a “buy” rating for the company in a report on Wednesday, April 4th. TD Securities cut shares of Saputo from a “buy” rating to a “hold” rating and reduced their target price for the company from C$50.00 to C$45.00 in a report on Tuesday, April 3rd. CIBC cut their price target on shares of Saputo from C$52.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday, February 2nd. National Bank Financial cut their price target on shares of Saputo from C$49.00 to C$46.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Finally, Royal Bank of Canada cut their price target on shares of Saputo from C$49.00 to C$48.00 in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$48.43.
Shares of TSE:SAP opened at C$41.04 on Thursday. Saputo has a one year low of C$39.08 and a one year high of C$47.59.
Saputo (TSE:SAP) last announced its earnings results on Thursday, February 1st. The company reported C$0.47 EPS for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.04). Saputo had a net margin of 11.15% and a return on equity of 30.30%. The business had revenue of C$3.02 billion during the quarter, compared to analysts’ expectations of C$2.93 billion.
In related news, insider Carl Colizza sold 4,728 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$40.50, for a total transaction of C$191,484.00. Insiders have purchased 433 shares of company stock valued at $17,418 over the last three months.
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Saputo Inc produces, markets, and distributes various dairy products in Canada, the United States, Argentina, and Australia. It offers a range of cheese products, such as mozzarella, American-style, specialty cheeses, cheddar, fine cheeses, and other cheeses; butter; and dairy and non-dairy extended shelf-life products, including cream and creamers, ice cream mixes, whipping creams, aerosol whipped toppings, iced coffee, and value-added milks, as well as cultured products, such as sour cream and cottage cheese.
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