TD Has Lowered Expectations for Saputo (TSE:SAP) Stock Price

Saputo (TSE:SAP) had its price target lowered by equities researchers at TD from C$52.00 to C$51.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price objective indicates a potential upside of 23.91% from the stock’s previous close.

Several other brokerages have also commented on SAP. BMO Capital Markets boosted their price objective on Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a report on Monday, February 9th. Desjardins boosted their price objective on Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, February 9th. TD Securities boosted their price objective on Saputo from C$51.00 to C$52.00 and gave the stock a “buy” rating in a report on Sunday, February 15th. Ventum Financial set a C$47.00 price objective on Saputo and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, National Bank Financial cut their price objective on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Saputo has an average rating of “Moderate Buy” and a consensus price target of C$46.73.

Saputo Price Performance

Shares of SAP traded down C$1.68 during midday trading on Monday, hitting C$41.16. 523,253 shares of the company traded hands, compared to its average volume of 999,018. The stock has a 50-day moving average of C$41.38 and a 200-day moving average of C$41.36. Saputo has a one year low of C$26.00 and a one year high of C$45.09. The firm has a market cap of C$16.68 billion, a P/E ratio of 26.38, a PEG ratio of 0.56 and a beta of 0.06. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.71 and a quick ratio of 0.67.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, June 4th. The company reported C$0.41 earnings per share for the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%.The firm had revenue of C$3.31 billion for the quarter. As a group, sell-side analysts predict that Saputo will post 1.7735369 EPS for the current fiscal year.

About Saputo

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.