TD Securities Has Lowered Expectations for Saputo (TSE:SAP) Stock Price

Saputo (TSE:SAP) had its price objective lowered by stock analysts at TD Securities from C$37.00 to C$35.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 42.39% from the company’s current price.

SAP has been the subject of a number of other reports. National Bankshares decreased their target price on Saputo from C$31.00 to C$28.00 in a research report on Wednesday, January 15th. Jefferies Financial Group dropped their price target on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Desjardins lowered their price objective on Saputo from C$34.00 to C$31.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Royal Bank of Canada cut their target price on Saputo from C$38.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, CIBC lowered their price target on Saputo from C$32.00 to C$29.00 in a research report on Monday, February 10th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Saputo has a consensus rating of “Moderate Buy” and a consensus price target of C$31.00.

Saputo Stock Down 2.1 %

Shares of Saputo stock opened at C$24.58 on Friday. The firm has a market cap of C$10.36 billion, a price-to-earnings ratio of -65.81, a PEG ratio of 0.56 and a beta of 0.32. Saputo has a one year low of C$22.59 and a one year high of C$32.15. The stock’s 50-day moving average is C$24.67 and its 200 day moving average is C$26.13. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67.

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.