Saputo (TSE:SAP) announced its earnings results on Friday. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.03, ARNreports.
Shares of Saputo (TSE:SAP) opened at 60.77 on Monday. Saputo has a one year low of $46.01 and a one year high of $60.89. The stock’s 50-day moving average is $58.37 and its 200-day moving average is $53.72. The company has a market cap of $11.847 billion and a P/E ratio of 22.41.
Several analysts have recently commented on the stock. Analysts at CIBC raised their price target on shares of Saputo from C$53.00 to C$62.00 in a research note on Friday. They now have a “sector perform” rating on the stock. On a related note, analysts at National Bank Financial raised their price target on shares of Saputo from C$59.00 to C$63.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at Desjardins raised their price target on shares of Saputo from C$58.00 to C$64.00 in a research note on Friday. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$62.71.
Saputo Inc is a dairy processor in Canada and cheese producer in the United States. The Company produces, markets and distributes an array of dairy products from Canada, the United States and Argentina, as well as bakery products from Canada.
Source: Ticker Report
