Royal Bank of Canada Has Lowered Expectations for Saputo (TSE:SAP) Stock Price

Saputo (TSE:SAP) had its price target decreased by stock analysts at Royal Bank of Canada from C$39.00 to C$38.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 40.85% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. National Bankshares cut their price target on shares of 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. BMO Capital Markets cut shares of Saputo from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$35.00 to C$30.00 in a research note on Tuesday, October 15th. Finally, CIBC cut their price target on shares of Saputo from C$37.00 to C$35.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Saputo presently has an average rating of “Moderate Buy” and an average price target of C$34.64.

Saputo Stock Up 0.8 %

TSE SAP opened at C$26.98 on Tuesday. 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 firm has a 50-day simple moving average of C$28.98 and a 200 day simple moving average of C$29.00. Saputo has a twelve month low of C$25.28 and a twelve month high of C$32.15. The stock has a market cap of C$11.45 billion, a PE ratio of 42.83, a PEG ratio of 0.56 and a beta of 0.32.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.39 EPS for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.02. The firm had revenue of C$4.61 billion during the quarter, compared to analysts’ expectations of C$4.44 billion. Saputo had a net margin of 1.50% and a return on equity of 3.72%. On average, research analysts forecast that Saputo will post 1.7735369 EPS for the current year.

Insider Activity

In related news, Senior Officer Martin Gagnon purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average price of C$29.73 per share, with a total value of C$59,450.00. In related news, Senior Officer Martin Gagnon purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average price of C$29.73 per share, with a total value of C$59,450.00. Also, Senior Officer Carl Colizza purchased 6,800 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of C$29.43 per share, with a total value of C$200,124.00. 40.45% of the stock is currently owned by corporate insiders.

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.