Saputo (TSE:SAP) Price Target Lowered to C$31.00 at Desjardins

Saputo (TSE:SAP) had its price objective dropped by equities research analysts at Desjardins from C$34.00 to C$31.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 29.60% from the company’s previous close.

SAP has been the subject of a number of other research reports. National Bankshares reduced their price objective on Saputo from C$31.00 to C$28.00 in a research report on Wednesday, January 15th. Jefferies Financial Group reduced their price target on Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Royal Bank of Canada dropped their price objective on Saputo from C$38.00 to C$35.00 and set an “outperform” rating on the stock in a report on Friday. TD Securities reduced their target price on shares of Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. Finally, CIBC decreased their target price on shares of Saputo from C$35.00 to C$32.00 in a research report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Saputo presently has a consensus rating of “Moderate Buy” and an average target price of C$31.44.

Saputo Stock Up 0.5 %

TSE SAP traded up C$0.11 during trading on Monday, reaching C$23.92. 364,461 shares of the company’s stock were exchanged, compared to its average volume of 792,859. The firm has a market capitalization of C$10.15 billion, a PE ratio of 37.97, a P/E/G ratio of 0.56 and a beta of 0.32. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$32.15. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17. The company’s fifty day simple moving average is C$24.73 and its 200-day simple moving average is C$27.45.

Saputo (TSE:SAP) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.37 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.02). Saputo had a net margin of 1.50% and a return on equity of 3.72%. During the same quarter in the previous year, the company earned $0.43 EPS. Sell-side analysts predict that Saputo will post 1.7735369 EPS for the current year.

Insider Activity

In other Saputo news, Senior Officer Leanne Cutts acquired 4,000 shares of Saputo stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of C$26.25 per share, with a total value of C$105,000.00. 40.45% of the stock is owned by company insiders.

Saputo Company Profile

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.