Saputo (TSE:SAP – Get Free Report) had its price target lowered by equities research analysts at CIBC from C$32.00 to C$29.00 in a report released on Monday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 21.24% from the stock’s previous close.
Several other analysts have also issued reports on the stock. BMO Capital Markets cut their target price on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. Desjardins reduced their price target on shares of Saputo from C$34.00 to C$31.00 and set a “buy” rating on the stock in a report on Monday. National Bankshares cut their target price on shares of Saputo from C$31.00 to C$28.00 in a report on Wednesday, January 15th. Jefferies Financial Group reduced their price objective on Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Finally, Royal Bank of Canada reduced their price target on Saputo from C$38.00 to C$35.00 and set an “outperform” rating on the stock in a report on Friday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Saputo has an average rating of “Moderate Buy” and an average price target of C$31.44.
Read Our Latest Stock Analysis on SAP
Saputo Stock Up 0.5 %
Saputo (TSE:SAP – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.37 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.02). Saputo had a return on equity of 3.72% and a net margin of 1.50%. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, research analysts expect that Saputo will post 1.7735369 earnings per share for the current year.
Insider Buying and Selling at Saputo
In other Saputo news, Senior Officer Leanne Cutts bought 4,000 shares of Saputo stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of C$26.25 per share, with a total value of C$105,000.00. 40.45% of the stock is owned by insiders.
Saputo Company Profile
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.
Read More
- Five stocks we like better than Saputo
- About the Markup Calculator
- Merck: 4 No-Brainer Reasons to Buy This Dip
- How to Use the MarketBeat Excel Dividend Calculator
- Ackman Announces Major Stake in Uber: Should You Follow His Lead?
- How to Calculate Options Profits
- Wells Fargo Upgraded These 3 Stocks—Here’s Why They Stand Out
Receive News & Ratings for Saputo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo and related companies with MarketBeat.com's FREE daily email newsletter.