CIBC Cuts Saputo (TSE:SAP) Price Target to C$32.00

Saputo (TSE:SAP - Get Free Report) had its price objective cut by equities research analysts at CIBC from C$35.00 to C$32.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC's target price indicates a potential upside of 38.41% from the company's current price.

Several other brokerages have also recently issued reports on SAP. National Bankshares reduced their price target on shares of Saputo from C$31.00 to C$28.00 in a research report on Wednesday, January 15th. TD Securities reduced their target price on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Jefferies Financial Group dropped their price target on shares of 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. Desjardins set a C$34.00 price objective on Saputo in a research note on Monday, November 11th. Finally, BMO Capital Markets decreased their target price on Saputo from C$30.00 to C$27.00 and set a "market perform" rating for the company in a report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$32.56.

Saputo Trading Down 4.3 %

Shares of SAP traded down C$1.03 during midday trading on Thursday, reaching C$23.12. The company had a trading volume of 877,091 shares, compared to its average volume of 776,178. Saputo has a 1-year low of C$22.59 and a 1-year high of C$32.15. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. The firm has a 50 day simple moving average of C$24.97 and a 200-day simple moving average of C$27.72. The stock has a market cap of C$9.81 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32.

Saputo (TSE:SAP - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.37 EPS for the quarter, missing analysts' consensus estimates of C$0.39 by C($0.02). Saputo had a net margin of 1.50% and a return on equity of 3.72%. During the same period last year, the firm earned $0.43 earnings per share. Research analysts forecast that Saputo will post 1.7735369 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Leanne Cutts acquired 4,000 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of C$26.25 per share, with a total value of C$105,000.00. 40.45% of the stock is owned by company insiders.

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.