BMO Capital Markets Has Lowered Expectations for Saputo (TSE:SAP) Stock Price

Saputo (TSE:SAP) had its price objective reduced by equities research analysts at BMO Capital Markets from C$30.00 to C$27.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 15.83% from the stock’s previous close.

SAP has been the subject of several other reports. TD Securities lowered their price objective on Saputo from C$38.00 to C$37.00 in a research report on Monday, November 11th. Royal Bank of Canada lowered their target price on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. Desjardins set a C$34.00 price objective on shares of Saputo in a report on Monday, November 11th. Finally, Jefferies Financial Group lowered their price target on Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.81.

Saputo Stock Performance

Saputo stock opened at C$23.31 on Friday. The firm has a 50 day simple moving average of C$25.84 and a 200-day simple moving average of C$28.46. The stock has a market cap of C$9.89 billion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 53.17, a current ratio of 1.59 and a quick ratio of 0.67. Saputo has a 1-year low of C$22.96 and a 1-year high of C$32.15.

Insider Transactions at Saputo

In other Saputo news, Senior Officer Leanne Cutts bought 4,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of C$26.25 per share, with a total value of C$105,000.00. Corporate 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.