Saputo Inc. (TSE:SAP – Get Free Report) Senior Officer Richard Wallace purchased 4,950 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was bought at an average price of C$30.48 per share, with a total value of C$150,899.76.
Saputo Stock Performance
TSE:SAP opened at C$30.72 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 58.27. The firm has a 50-day moving average price of C$28.07 and a two-hundred day moving average price of C$27.39. Saputo Inc. has a twelve month low of C$25.28 and a twelve month high of C$31.24. The company has a market capitalization of C$13.04 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 0.21 and a beta of 0.32.
Saputo (TSE:SAP – Get Free Report) last issued its quarterly earnings results on Thursday, June 6th. The company reported C$0.37 EPS for the quarter, hitting analysts’ consensus estimates of C$0.37. The business had revenue of C$4.55 billion during the quarter, compared to the consensus estimate of C$4.25 billion. Saputo had a net margin of 1.92% and a return on equity of 4.76%. As a group, research analysts expect that Saputo Inc. will post 1.915804 earnings per share for the current fiscal year.
Saputo Announces Dividend
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on SAP. National Bankshares increased their price target on shares of Saputo from C$33.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Royal Bank of Canada increased their price target on shares of Saputo from C$36.00 to C$39.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. CIBC raised their target price on shares of Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Monday, June 10th. BMO Capital Markets raised their target price on shares of Saputo from C$34.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Finally, Desjardins raised their target price on shares of Saputo from C$33.00 to C$35.00 and gave the company a “buy” rating in a report on Monday, June 10th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Saputo presently has an average rating of “Buy” and a consensus target price of C$35.79.
Check Out Our Latest Stock Analysis on Saputo
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.
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