Saputo (TSE:SAP) Given New C$45.00 Price Target at National Bankshares

Saputo (TSE:SAP) had its price target upped by stock analysts at National Bankshares from C$38.00 to C$45.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 8.38% from the company’s previous close.

A number of other equities research analysts have also recently commented on SAP. Scotiabank raised their target price on Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. TD Securities increased their price target on Saputo from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Desjardins boosted their price objective on Saputo from C$40.00 to C$45.00 and gave the company a “buy” rating in a research report on Friday, December 19th. CIBC boosted their price target on shares of Saputo from C$36.00 to C$40.00 in a report on Monday, November 10th. Finally, Jefferies Financial Group increased their price objective on shares of Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Saputo presently has a consensus rating of “Buy” and an average target price of C$41.25.

Saputo Stock Performance

Shares of TSE:SAP traded down C$0.22 during trading on Thursday, hitting C$41.52. 182,637 shares of the stock traded hands, compared to its average volume of 805,104. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The company has a market cap of C$17.02 billion, a price-to-earnings ratio of -207.60, a P/E/G ratio of 0.56 and a beta of 0.18. The company has a fifty day moving average price of C$40.16 and a two-hundred day moving average price of C$35.17. Saputo has a 52-week low of C$23.10 and a 52-week high of C$42.30.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$4.72 billion for the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. As a group, equities analysts predict that Saputo will post 1.7735369 EPS for the current year.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.