Saputo (TSE:SAP) PT Set at C$34.00 by Desjardins

Saputo (TSE:SAP - Get Free Report) received a C$34.00 target price from research analysts at Desjardins in a research note issued on Monday,BayStreet.CA reports. Desjardins' target price would suggest a potential upside of 29.18% from the stock's current price.

Several other brokerages have also commented on SAP. TD Securities dropped their price target on Saputo from C$38.00 to C$37.00 in a research note on Monday. BMO Capital Markets cut Saputo from an "outperform" rating to a "market perform" rating and lowered their price target for the company from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. Royal Bank of Canada reduced their price objective on Saputo from C$39.00 to C$38.00 and set an "outperform" rating for the company in a research note on Tuesday, October 29th. CIBC reduced their price objective on Saputo from C$37.00 to C$35.00 and set an "outperform" rating for the company in a research report on Monday, August 12th. Finally, National Bankshares cut their target price on Saputo from C$36.00 to C$35.00 and set an "outperform" rating on the stock in a report on Monday, August 12th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$34.50.

Saputo Trading Down 1.5 %

Shares of SAP traded down C$0.39 during midday trading on Monday, reaching C$26.32. The company had a trading volume of 124,727 shares, compared to its average volume of 438,849. Saputo has a 1-year low of C$25.28 and a 1-year high of C$32.15. The stock has a market cap of C$11.17 billion, a PE ratio of 41.78, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The firm has a 50 day simple moving average of C$28.46 and a 200-day simple moving average of C$29.08. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17.

Saputo (TSE:SAP - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.37 by C$0.02. The business had revenue of C$4.61 billion for the quarter, compared to analyst estimates of C$4.44 billion. Saputo had a return on equity of 3.72% and a net margin of 1.50%. Research analysts forecast that Saputo will post 1.7735369 EPS for the current fiscal year.

Insider Buying and Selling

In other Saputo news, Senior Officer Martin Gagnon purchased 2,000 shares of the company's stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of C$29.73 per share, for a total transaction of C$59,450.00. In related news, Senior Officer Martin Gagnon bought 2,000 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were purchased at an average price of C$29.73 per share, with a total value of C$59,450.00. Also, Senior Officer Carl Colizza acquired 6,800 shares of Saputo stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of C$29.43 per share, for a total transaction of C$200,124.00. 40.45% of the stock is currently owned by corporate 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.

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