Saputo (TSE:SAP) had its target price lowered by National Bank Financial from C$45.00 to C$44.00 in a research report released on Friday morning. The firm currently has a sector perform rating on the stock.
Several other research firms have also commented on SAP. Desjardins upgraded shares of Saputo from a hold rating to a buy rating and set a C$45.00 price target on the stock in a research report on Wednesday, September 12th. Royal Bank of Canada dropped their price target on shares of Saputo from C$49.00 to C$48.00 and set an outperform rating on the stock in a research report on Monday, October 15th. Finally, CIBC dropped their price target on shares of Saputo from C$50.00 to C$47.00 in a research report on Wednesday, August 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of C$45.57.
TSE:SAP opened at C$38.12 on Friday. Saputo has a 1-year low of C$35.56 and a 1-year high of C$46.32.
Saputo (TSE:SAP) last released its quarterly earnings data on Tuesday, August 7th. The company reported C$0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.48 by C($0.07). The firm had revenue of C$3.27 billion for the quarter, compared to analysts’ expectations of C$3.32 billion.
In related news, insider Carl Colizza bought 1,000 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were acquired at an average price of C$40.92 per share, for a total transaction of C$40,920.00.
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.
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