Saputo (TSE:SAP) PT Set at C$47.00 by Ventum Financial

Saputo (TSE:SAP) has been given a C$47.00 price target by research analysts at Ventum Financial in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s price target indicates a potential upside of 18.69% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Scotiabank raised their target price on shares of Saputo from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. BMO Capital Markets upped their price target on shares of Saputo from C$41.00 to C$42.00 and gave the company a “market perform” rating in a report on Monday, February 9th. Canadian Imperial Bank of Commerce increased their price target on shares of Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. TD Securities raised their price target on shares of Saputo from C$51.00 to C$52.00 and gave the stock a “buy” rating in a report on Sunday, February 15th. Finally, Desjardins boosted their price objective on shares of Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.33.

Saputo Trading Up 1.3%

Shares of SAP stock opened at C$39.60 on Wednesday. The business has a 50-day moving average of C$42.24 and a 200 day moving average of C$39.94. The company has a debt-to-equity ratio of 59.15, a current ratio of 1.64 and a quick ratio of 0.67. Saputo has a 1-year low of C$25.17 and a 1-year high of C$45.09. The stock has a market capitalization of C$16.05 billion, a PE ratio of 25.38, a P/E/G ratio of 0.56 and a beta of 0.10.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$0.57 EPS for the quarter. Saputo had a return on equity of 9.50% and a net margin of 3.39%.The business had revenue of C$4.89 billion for the quarter. As a group, sell-side analysts anticipate that Saputo will post 1.7735369 earnings per share for the current year.

Insider Buying and Selling

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

About Saputo

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.