Saputo (TSE:SAP) Price Target Cut to C$38.00

Saputo (TSE:SAP - Get Free Report) had its target price decreased by stock analysts at Royal Bank of Canada from C$39.00 to C$38.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's target price suggests a potential upside of 42.00% from the company's previous close.

SAP has been the topic of a number of other research reports. CIBC dropped their price objective on Saputo from C$37.00 to C$35.00 and set an "outperform" rating on the stock in a research note on Monday, August 12th. National Bankshares dropped their price target on shares of Saputo from C$36.00 to C$35.00 and set an "outperform" rating on the stock in a research report on Monday, August 12th. Finally, BMO Capital Markets downgraded shares of Saputo from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$34.64.

Saputo Stock Down 1.7 %

SAP traded down C$0.45 during trading on Tuesday, hitting C$26.76. The company had a trading volume of 398,468 shares, compared to its average volume of 443,530. The firm's 50-day moving average price is C$29.09 and its 200 day moving average price is C$29.02. The company has a market capitalization of C$11.36 billion, a PE ratio of 42.41, a PEG ratio of 0.56 and a beta of 0.32. 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 has a one year low of C$25.28 and a one year high of C$32.15.

Saputo (TSE:SAP - Get Free Report) last announced 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%. As a group, equities analysts expect that Saputo will post 1.7735369 earnings per share for the current year.

Insider Buying and Selling at Saputo

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

About Saputo

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.