Saputo (TSE:SAP) Price Target Cut to C$32.00 by Analysts at CIBC

Saputo (TSE:SAP) had its target price dropped by stock analysts at CIBC from C$35.00 to C$32.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 32.51% from the company’s current price.

Several other research firms also recently weighed in on SAP. Desjardins set a C$34.00 price target on shares of Saputo in a research note on Monday, November 11th. Jefferies Financial Group cut their target price 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. National Bankshares lowered their price objective on shares of Saputo from C$31.00 to C$28.00 in a research report on Wednesday, January 15th. Royal Bank of Canada dropped their price target 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 dropped their price target on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Saputo has an average rating of “Moderate Buy” and a consensus target price of C$32.56.

Saputo Stock Performance

Shares of Saputo stock opened at C$24.15 on Thursday. The company has a 50 day moving average of C$25.01 and a 200-day moving average of C$27.81. The company has a market cap of C$10.25 billion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17. Saputo has a 1-year low of C$22.59 and a 1-year high of C$32.15.

Saputo (TSE:SAP) 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 net margin of 1.50% and a return on equity of 3.72%. During the same period last year, the business earned $0.43 EPS. As a group, equities research analysts forecast that Saputo will post 1.7735369 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Saputo news, Senior Officer Leanne Cutts acquired 4,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of C$26.25 per share, for a total transaction of C$105,000.00. 40.45% of the stock is currently owned by corporate 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.