National Bank Financial boosted their price target on shares of Saputo (TSE:SAP) from C$59.00 to C$63.00 in a research note issued on Friday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 1.20% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at TD Securities raised their price target on shares of Saputo from C$61.00 to C$63.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Saputo from C$56.00 to C$61.00 in a research note on Tuesday, June 3rd. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Saputo has an average rating of “Buy” and a consensus price target of C$63.17.
Saputo (TSE:SAP) traded down 0.84% during mid-day trading on Friday, hitting $61.73. 143,147 shares of the company’s stock traded hands. Saputo has a 52 week low of $46.01 and a 52 week high of $62.41. The stock has a 50-day moving average of $58.57 and a 200-day moving average of $53.9. The company has a market cap of $12.056 billion and a price-to-earnings ratio of 22.80.
Saputo (TSE:SAP) last posted its quarterly earnings results on Friday, June 6th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.03. On average, analysts predict that Saputo will post $3.29 earnings per share for the current fiscal year.
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: WatchListNews