Saputo (TSE:SAP)‘s stock had its “hold” rating restated by stock analysts at Desjardins in a report issued on Wednesday, Zacks.com 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 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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