Saputo (TSE:SAP) Stock Price Expected to Rise, Scotiabank Analyst Says

Saputo (TSE:SAP) had its price objective increased by equities research analysts at Scotiabank from C$47.00 to C$49.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 15.62% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. TD Securities upped their target price on Saputo from C$49.00 to C$51.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Canadian Imperial Bank of Commerce raised their price target on shares of Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. BMO Capital Markets upped their target price on shares of Saputo from C$41.00 to C$42.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. Jefferies Financial Group upped their price objective on Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Desjardins lifted their price target on shares of Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, February 9th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$46.13.

Saputo Price Performance

SAP stock opened at C$42.38 on Friday. The stock’s fifty day simple moving average is C$41.25 and its 200-day simple moving average is C$36.81. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. Saputo has a 52-week low of C$23.94 and a 52-week high of C$44.00. The stock has a market capitalization of C$17.17 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 0.56 and a beta of 0.04.

Saputo (TSE:SAP) last posted its quarterly earnings results on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. The company had revenue of C$4.89 billion for the quarter. Equities research analysts expect that Saputo will post 1.7735369 EPS for the current year.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.