Saputo (SAP) Scheduled to Post Quarterly Earnings on Thursday

Saputo (TSE:SAP – Get Rating) will release its earnings data before the market opens on Thursday, June 9th. Analysts expect Saputo to post earnings of C$0.23 per share for the quarter.

SAP stock traded up C$0.12 during mid-day trading on Tuesday, reaching C$26.23. 91,609 shares of the stock traded hands, compared to its average volume of 569,775. Saputo has a 52 week low of C$24.61 and a 52 week high of C$37.75. The firm has a market capitalization of C$10.93 billion and a PE ratio of 31.99. The business has a 50-day moving average of C$27.79 and a two-hundred day moving average of C$28.79. The company has a quick ratio of 0.60, a current ratio of 1.59 and a debt-to-equity ratio of 64.40.

SAP has been the topic of a number of recent research reports. Scotiabank lifted their price objective on Saputo from C$36.00 to C$38.00 in a report on Friday, February 11th. National Bank Financial upgraded shares of Saputo from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Friday, February 11th. National Bankshares lowered their target price on shares of Saputo from C$33.00 to C$31.00 and set an “outperform” rating for the company in a report on Thursday, May 19th. CIBC decreased their price target on shares of Saputo from C$38.00 to C$36.00 and set an “outperform” rating for the company in a report on Friday, February 11th. Finally, Royal Bank of Canada decreased their price target on shares of Saputo from C$37.00 to C$35.00 and set an “outperform” rating for the company in a report on Thursday, April 28th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$36.56.

About Saputo (Get Rating)

Saputo Inc, through its subsidiaries, 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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