Saputo (TSE:SAP – Get Free Report) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, BayStreet.CA reports. They presently have a C$30.00 target price on the stock, down from their previous target price of C$35.00. BMO Capital Markets’ price target suggests a potential upside of 7.18% from the stock’s current price.
SAP has been the subject of a number of other reports. CIBC dropped their price objective on Saputo from C$37.00 to C$35.00 and set an “outperform” rating for the company in a report on Monday, August 12th. National Bankshares dropped their price target on Saputo from C$36.00 to C$35.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$34.79.
Read Our Latest Stock Report on Saputo
Saputo Stock Up 0.5 %
Saputo (TSE:SAP – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.37 by C$0.02. Saputo had a net margin of 1.50% and a return on equity of 3.72%. The business had revenue of C$4.61 billion for the quarter, compared to analysts’ expectations of C$4.44 billion. On average, research analysts forecast that Saputo will post 1.7806854 EPS for the current year.
Insider Transactions at Saputo
In other news, Senior Officer Carl Colizza bought 6,800 shares of Saputo stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of C$29.43 per share, with a total value of C$200,124.00. In other Saputo news, Senior Officer Carl Colizza purchased 6,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of C$29.43 per share, for a total transaction of C$200,124.00. Also, Senior Officer Martin Gagnon acquired 2,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were acquired at an average price of C$29.73 per share, with a total value of C$59,450.00. Company insiders own 42.57% 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.
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