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

Saputo (TSE:SAP) had its price target cut by equities research analysts at Desjardins from C$34.00 to C$31.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 29.60% from the company’s current price.

Several other analysts have also weighed in on SAP. CIBC lowered their target price on shares of Saputo from C$35.00 to C$32.00 in a research note on Thursday, January 30th. TD Securities lowered their price objective on shares of Saputo from C$38.00 to C$37.00 in a research report on Monday, November 11th. Royal Bank of Canada decreased their target price on Saputo from C$38.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday. BMO Capital Markets cut their price target on Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Finally, Jefferies Financial Group lowered their price objective on Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Saputo presently has an average rating of “Moderate Buy” and a consensus price target of C$31.44.

Saputo Stock Up 0.5 %

TSE SAP traded up C$0.11 during trading hours on Monday, reaching C$23.92. 364,461 shares of the company traded hands, compared to its average volume of 792,859. The stock has a market capitalization of C$10.15 billion, a PE ratio of 37.97, a PEG ratio of 0.56 and a beta of 0.32. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17. Saputo has a 12 month low of C$22.59 and a 12 month high of C$32.15. The company has a 50 day moving average of C$24.73 and a two-hundred day moving average of C$27.45.

Saputo (TSE:SAP) last issued its earnings results on Thursday, November 7th. The company reported C$0.37 EPS for the quarter, missing the consensus estimate of C$0.39 by C($0.02). Saputo had a return on equity of 3.72% and a net margin of 1.50%. During the same period last year, the business posted $0.43 earnings per share. As a group, equities analysts expect that Saputo will post 1.7735369 earnings per share for the current year.

Insider Activity at Saputo

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 price of C$26.25 per share, for a total transaction of C$105,000.00. Company insiders own 40.45% of the company’s stock.

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.