Saputo (TSE:SAP) Price Target Cut to C$37.00 by Analysts at TD Securities

Saputo (TSE:SAP) had its price objective reduced by investment analysts at TD Securities from C$38.00 to C$37.00 in a research note issued on Monday,BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 41.38% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. National Bankshares dropped their target price on Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. CIBC dropped their target price on Saputo from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Royal Bank of Canada dropped their target price on Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Finally, BMO Capital Markets lowered Saputo from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$34.50.

Saputo Price Performance

Shares of TSE SAP opened at C$26.17 on Monday. The business’s 50 day moving average price is C$28.39 and its 200 day moving average price is C$29.06. The firm has a market cap of C$11.11 billion, a P/E ratio of 41.62, a P/E/G ratio of 0.56 and a beta of 0.32. Saputo has a 52 week low of C$25.28 and a 52 week high of C$32.15. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17.

Insiders Place Their Bets

In other Saputo news, Senior Officer Martin Gagnon bought 2,000 shares of Saputo stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average cost of C$29.73 per share, with a total value of C$59,450.00. Insiders own 40.45% of the company’s stock.

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.