Saputo (TSE:SAP) had its target price raised by National Bank Financial from C$43.00 to C$44.00 in a report published on Friday morning. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Saputo’s Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.67 EPS and Q1 2020 earnings at $0.57 EPS.
Other analysts also recently issued reports about the company. BMO Capital Markets decreased their price target on Saputo from C$44.00 to C$43.00 in a report on Tuesday, January 29th. TD Securities increased their price target on Saputo from C$42.00 to C$43.00 and gave the stock a hold rating in a report on Friday. CIBC downgraded Saputo from an outperform rating to a neutral rating and decreased their price target for the stock from C$47.00 to C$42.00 in a report on Friday, November 2nd. Finally, Royal Bank of Canada decreased their price target on Saputo from C$48.00 to C$46.00 and set an outperform rating for the company in a report on Monday, January 21st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Saputo presently has an average rating of Hold and a consensus price target of C$45.57.
Shares of Saputo stock opened at C$40.68 on Friday. The company has a debt-to-equity ratio of 45.98, a current ratio of 1.60 and a quick ratio of 0.71. Saputo has a 1-year low of C$35.56 and a 1-year high of C$45.76. The stock has a market cap of $16.08 billion and a price-to-earnings ratio of 20.97.
Saputo Company Profile
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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