News stories about Saputo (TSE:SAP) have been trending somewhat positive on Saturday, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Saputo earned a news impact score of 2.00 on their scale. InfoTrie also gave news coverage about the company an news buzz score of 6 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Saputo’s analysis:
- JOYYA – 100% Canadian Ultrafiltered Milk Launches in Canada Offering 75% More Protein and 25% Less Lactose … (newswire.ca)
- Saputo launches ultra-filtered milk brand Joyya in Canada (foodbev.com)
- Saputo (SAP) Earns Daily Coverage Optimism Score of 1.04 (americanbankingnews.com)
- Saputo coy on Kirin’s sale of Lion’s dairy business (just-food.com)
- Saputo struggling to grow milk volume (adf.farmonline.com.au)
Several equities analysts have recently commented on the company. CIBC reduced their target price on Saputo from C$50.00 to C$47.00 in a research note on Wednesday, August 8th. Royal Bank of Canada reduced their target price on Saputo from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research note on Monday, October 15th. Desjardins upgraded Saputo from a “hold” rating to a “buy” rating and set a C$45.00 target price for the company in a research note on Wednesday, September 12th. Finally, National Bank Financial reduced their target price on Saputo from C$45.00 to C$44.00 and set a “sector perform” rating for the company in a research note on Friday, November 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of C$45.57.
Saputo (TSE:SAP) last announced its quarterly earnings data on Tuesday, August 7th. The company reported C$0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.48 by C($0.07). The company had revenue of C$3.27 billion during the quarter, compared to analysts’ expectations of C$3.32 billion. As a group, research analysts anticipate that Saputo will post 2.05999975514215 EPS for the current year.
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.
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