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

Saputo (TSE:SAP) had its price target dropped by equities researchers at Royal Bank of Canada from C$38.00 to C$35.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 46.44% from the company’s previous close.

Other research analysts have also issued reports about the company. Jefferies Financial Group reduced their target price on 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. BMO Capital Markets lowered their price target on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Desjardins set a C$34.00 target price on shares of Saputo in a research report on Monday, November 11th. CIBC decreased their price objective on Saputo from C$35.00 to C$32.00 in a report on Thursday, January 30th. Finally, TD Securities decreased their target price on shares of Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$32.19.

Saputo Price Performance

Shares of Saputo stock traded up C$0.24 during trading on Friday, reaching C$23.90. 423,249 shares of the stock traded hands, compared to its average volume of 794,033. The company has a market capitalization of C$10.14 billion, a price-to-earnings ratio of 37.94, a P/E/G ratio of 0.56 and a beta of 0.32. Saputo has a 52-week low of C$22.59 and a 52-week high of C$32.15. The business has a fifty day simple moving average of C$24.78 and a two-hundred day simple moving average of C$27.55. 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 (TSE:SAP) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.02). Saputo had a return on equity of 3.72% and a net margin of 1.50%. During the same quarter in the previous year, the business earned $0.43 earnings per share. Sell-side analysts expect that Saputo will post 1.7735369 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Leanne Cutts purchased 4,000 shares of Saputo stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of C$26.25 per share, with a total value of C$105,000.00. 40.45% of the stock is currently owned by 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.