BMO Capital Markets Reiterates “C$44.00” Price Target for Saputo (SAP)

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.

COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/21/bmo-capital-markets-reiterates-c44-00-price-target-for-saputo-sap.html.

About Saputo

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.

Analyst Recommendations for Saputo (TSE:SAP)

Receive News & Ratings for Saputo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply