Saputo (TSE:SAP) Stock Rating Upgraded by Ventum Financial

Saputo (TSE:SAP) was upgraded by Ventum Financial to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on SAP. TD Securities lifted their price objective on Saputo from C$51.00 to C$52.00 and gave the company a “buy” rating in a report on Sunday, February 15th. Royal Bank Of Canada lifted their price objective on Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Sunday, February 8th. Desjardins lifted their price objective on Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, February 9th. BMO Capital Markets lifted their price objective on Saputo from C$41.00 to C$42.00 and gave the company a “market perform” rating in a report on Monday, February 9th. Finally, Scotiabank lifted their price objective on Saputo from C$47.00 to C$49.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Saputo has a consensus rating of “Moderate Buy” and an average target price of C$46.33.

Saputo Stock Performance

SAP stock opened at C$39.09 on Tuesday. The company has a debt-to-equity ratio of 59.15, a current ratio of 1.64 and a quick ratio of 0.67. The business has a 50-day moving average price of C$42.32 and a 200 day moving average price of C$39.95. The company has a market capitalization of C$15.84 billion, a P/E ratio of 25.06, a PEG ratio of 0.56 and a beta of 0.10. Saputo has a 1-year low of C$25.17 and a 1-year high of C$45.09.

Saputo (TSE:SAP) last released its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 earnings per share for the quarter. The firm had revenue of C$4.89 billion during the quarter. Saputo had a return on equity of 9.50% and a net margin of 3.39%. As a group, equities research analysts forecast that Saputo will post 1.7735369 EPS for the current fiscal year.

Insider Buying and Selling

In other Saputo news, insider Patrick Turcotte sold 2,071 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of C$42.18, for a total value of C$87,354.78. Following the completion of the transaction, the insider directly owned 8,336 shares in the company, valued at approximately C$351,612.48. The trade was a 19.90% decrease in their ownership of the stock. Insiders have sold 2,659 shares of company stock valued at $112,169 in the last ninety days. Insiders own 40.45% of the company’s stock.

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.