Saputo (TSE:SAP – Get Free Report) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Tuesday, BayStreet.CA reports. They currently have a C$30.00 target price on the stock, down from their prior target price of C$35.00. BMO Capital Markets’ price objective indicates a potential upside of 7.18% from the stock’s current price.
Several other brokerages have also recently commented on SAP. National Bankshares dropped their price target on shares of 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 lowered their price objective on shares of Saputo from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$34.79.
Read Our Latest Report on Saputo
Saputo Trading Up 0.5 %
Saputo (TSE:SAP – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.39 EPS for the quarter, beating the consensus estimate of C$0.37 by C$0.02. Saputo had a net margin of 1.50% and a return on equity of 3.72%. The firm had revenue of C$4.61 billion for the quarter, compared to analysts’ expectations of C$4.44 billion. Equities analysts predict that Saputo will post 1.7806854 earnings per share for the current year.
Insider Activity
In other Saputo news, Senior Officer Martin Gagnon purchased 2,000 shares of the stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of C$29.73 per share, for a total transaction of C$59,450.00. In related news, Senior Officer Martin Gagnon bought 2,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of C$29.73 per share, for a total transaction of C$59,450.00. Also, Senior Officer Carl Colizza purchased 6,800 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of C$29.43 per share, for a total transaction of C$200,124.00. Corporate insiders own 42.57% 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.
Further Reading
- Five stocks we like better than Saputo
- 3 Small Caps With Big Return Potential
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- What is a Stock Market Index and How Do You Use Them?
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
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.