Saputo (TSE:SAP) Stock Price Down 4.5%

Saputo Inc. (TSE:SAP)’s stock price fell 4.5% on Thursday . The stock traded as low as C$39.35 and last traded at C$39.82, 249,020 shares changed hands during mid-day trading. A decline of 44% from the average session volume of 446,223 shares. The stock had previously closed at C$41.70.

SAP has been the topic of a number of research reports. TD Securities boosted their target price on shares of Saputo from C$41.00 to C$45.00 and gave the company a “hold” rating in a report on Friday, August 9th. CIBC dropped their target price on shares of Saputo from C$47.00 to C$43.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Royal Bank of Canada dropped their target price on shares of Saputo from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a report on Friday, June 7th. Desjardins cut shares of Saputo from a “buy” rating to a “hold” rating in a report on Friday, June 7th. Finally, BMO Capital Markets boosted their target price on shares of Saputo from C$44.00 to C$45.00 in a report on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$45.67.

The stock’s fifty day moving average price is C$40.35 and its 200 day moving average price is C$42.72. The company has a current ratio of 1.62, a quick ratio of 0.72 and a debt-to-equity ratio of 44.23. The stock has a market cap of $16.32 billion and a P/E ratio of 20.61.

Saputo (TSE:SAP) last posted its quarterly earnings results on Thursday, June 6th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.40 by C($0.08). The firm had revenue of C$3.24 billion during the quarter, compared to analysts’ expectations of C$3.36 billion. As a group, sell-side analysts forecast that Saputo Inc. will post 2.0100001 earnings per share for the current year.

About Saputo (TSE:SAP)

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.

Further Reading: Rule of 72

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