Saputo Inc. (TSE:SAP) – Investment analysts at National Bank Financial increased their Q4 2018 EPS estimates for shares of Saputo in a research report issued on Monday. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $0.48 per share for the quarter, up from their prior estimate of $0.47. National Bank Financial currently has a “Sector Perform” rating and a $50.00 price target on the stock. National Bank Financial also issued estimates for Saputo’s Q2 2019 earnings at $0.64 EPS and Q4 2019 earnings at $0.52 EPS.
A number of other research analysts also recently weighed in on the company. Scotiabank lowered their price target on Saputo from C$58.00 to C$57.00 and set an “outperform” rating on the stock in a report on Friday. BMO Capital Markets reiterated a “market perform” rating and set a C$47.00 price target on shares of Saputo in a report on Friday, October 27th. TD Securities upgraded Saputo from a “hold” rating to a “buy” rating and lifted their price target for the company from C$48.00 to C$49.00 in a report on Wednesday, August 2nd. Desjardins downgraded Saputo from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Royal Bank Of Canada upgraded Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 price target on the stock in a report on Wednesday, July 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$50.29.
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Shares of Saputo (TSE SAP) traded down C$1.44 during trading hours on Thursday, hitting C$45.00. The stock had a trading volume of 636,100 shares.
In other news, insider Louise St-Jean sold 838 shares of Saputo stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$43.39, for a total value of C$36,360.82.
Saputo Company Profile
Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
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