Saputo Inc. (TSE:SAP – Get Free Report) Senior Officer Martin Gagnon purchased 2,000 shares of Saputo stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of C$29.73 per share, with a total value of C$59,450.00.
Saputo Price Performance
Shares of SAP stock traded up C$0.05 during trading hours on Wednesday, hitting C$29.78. The stock had a trading volume of 43,147 shares, compared to its average volume of 417,837. The company has a debt-to-equity ratio of 53.17, a current ratio of 1.59 and a quick ratio of 0.67. The stock has a market capitalization of C$12.64 billion, a price-to-earnings ratio of 47.19, a PEG ratio of 0.21 and a beta of 0.33. Saputo Inc. has a one year low of C$25.28 and a one year high of C$32.15. The stock’s 50-day moving average price is C$30.74 and its two-hundred day moving average price is C$28.39.
Saputo (TSE:SAP – Get Free Report) last released its quarterly earnings results on Thursday, June 6th. The company reported C$0.37 earnings per share for the quarter, meeting the consensus estimate of C$0.37. The business had revenue of C$4.55 billion during the quarter, compared to analysts’ expectations of C$4.25 billion. Saputo had a return on equity of 3.72% and a net margin of 1.50%. Equities analysts forecast that Saputo Inc. will post 1.8112058 EPS for the current year.
Saputo Increases Dividend
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Saputo from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a report on Tuesday, June 4th. CIBC decreased their price objective on shares of Saputo from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. BMO Capital Markets upped their target price on shares of Saputo from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. National Bankshares decreased their price target on Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Finally, Desjardins upped their price objective on Saputo from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Saputo currently has an average rating of “Buy” and a consensus price target of C$35.50.
View Our Latest Analysis on SAP
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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