Saputo (TSE:SAP) Stock Rating Reaffirmed by Desjardins

Saputo (TSE:SAP)‘s stock had its “hold” rating restated by stock analysts at Desjardins in a report issued on Wednesday, reports. Desjardins also issued estimates for Saputo’s Q2 2020 earnings at $0.43 EPS, Q3 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.37 EPS, FY2020 earnings at $1.69 EPS and FY2021 earnings at $1.91 EPS.

SAP has been the topic of a number of other reports. TD Securities lifted their target price on Saputo from C$41.00 to C$45.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Royal Bank of Canada decreased their target price on Saputo from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Thursday. CIBC decreased their target price on Saputo from C$47.00 to C$43.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Finally, National Bank Financial reissued a “sector perform” rating and set a C$43.00 target price on shares of Saputo in a research report on Thursday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$45.33.

Shares of Saputo stock traded up C$0.01 during trading on Wednesday, reaching C$40.00. The company’s stock had a trading volume of 193,476 shares, compared to its average volume of 459,587. The company has a debt-to-equity ratio of 91.33, a quick ratio of 0.55 and a current ratio of 1.29. The business’s fifty day moving average price is C$40.48 and its 200-day moving average price is C$42.62. The firm has a market cap of $15.82 billion and a price-to-earnings ratio of 20.84. Saputo has a one year low of C$35.56 and a one year high of C$46.41.

Saputo (TSE:SAP) last released its earnings results on Thursday, August 8th. The company reported C$0.42 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.01). The company had revenue of C$3.67 billion during the quarter, compared to analyst estimates of C$3.61 billion. Sell-side analysts anticipate that Saputo will post 2.0099999 EPS for the current year.

About Saputo

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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Analyst Recommendations for Saputo (TSE:SAP)

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