Royal Bank of Canada Lowers Saputo (TSE:SAP) Price Target to C$35.00

Saputo (TSE:SAP) had its price target decreased by equities research analysts at Royal Bank of Canada from C$38.00 to C$35.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 46.44% from the company’s previous close.

A number of other brokerages have also commented on SAP. BMO Capital Markets cut 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 report on Friday, January 10th. National Bankshares lowered their price objective on shares of Saputo from C$31.00 to C$28.00 in a research note on Wednesday, January 15th. Desjardins set a C$34.00 price objective on shares of Saputo in a report on Monday, November 11th. TD Securities decreased their price objective on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Finally, Jefferies Financial Group dropped their target price on Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$32.19.

Saputo Stock Up 1.0 %

SAP traded up C$0.24 during trading on Friday, reaching C$23.90. 423,249 shares of the stock were exchanged, compared to its average volume of 794,033. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59. The stock has a market cap of C$10.14 billion, a P/E ratio of 37.94, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. Saputo has a twelve month low of C$22.59 and a twelve month high of C$32.15. The stock’s 50 day moving average price is C$24.78 and its two-hundred day moving average price is C$27.55.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.37 earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior year, the business earned $0.43 earnings per share. Equities analysts expect that Saputo will post 1.7735369 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Leanne Cutts bought 4,000 shares of Saputo stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of C$26.25 per share, with a total value of C$105,000.00. Insiders own 40.45% of the company’s stock.

About Saputo

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.