CIBC Lowers Saputo (TSE:SAP) Price Target to C$35.00

Saputo (TSE:SAPGet Free Report) had its target price cut by analysts at CIBC from C$36.00 to C$35.00 in a research note issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 26.08% from the stock’s current price.

Several other research analysts have also commented on SAP. BMO Capital Markets cut their price objective on Saputo from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Monday, November 13th. TD Securities lowered their target price on Saputo from C$40.00 to C$36.00 and set a “buy” rating for the company in a research note on Monday. Royal Bank of Canada lowered their target price on Saputo from C$40.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday, February 2nd. National Bankshares lowered their target price on Saputo from C$35.00 to C$33.00 and set an “outperform” rating for the company in a research note on Thursday, January 11th. Finally, Desjardins lowered their target price on Saputo from C$35.00 to C$33.00 and set a “buy” rating for the company in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$33.81.

Check Out Our Latest Stock Analysis on Saputo

Saputo Stock Up 1.4 %

TSE:SAP traded up C$0.38 during mid-day trading on Monday, hitting C$27.76. The company had a trading volume of 411,271 shares, compared to its average volume of 424,790. The business has a fifty day simple moving average of C$27.17 and a 200-day simple moving average of C$27.69. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 56.82. Saputo has a 1 year low of C$25.75 and a 1 year high of C$37.30. The firm has a market capitalization of C$11.75 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 0.21 and a beta of 0.33.

Saputo (TSE:SAPGet Free Report) last released its quarterly earnings data on Thursday, November 9th. The company reported C$0.43 EPS for the quarter, beating the consensus estimate of C$0.41 by C$0.02. Saputo had a return on equity of 8.99% and a net margin of 3.61%. The company had revenue of C$4.32 billion for the quarter, compared to analyst estimates of C$4.48 billion. Equities analysts forecast that Saputo will post 1.9541724 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Thomas Atherton bought 7,650 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was bought at an average cost of C$25.91 per share, for a total transaction of C$198,173.25. Insiders own 42.12% of the company’s stock.

About Saputo

(Get Free Report)

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.

See Also

Analyst Recommendations for Saputo (TSE:SAP)

Receive News & Ratings for Saputo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo and related companies with MarketBeat.com's FREE daily email newsletter.