Saputo Inc. (TSE:SAP) – Investment analysts at National Bank Financial increased their FY2018 earnings per share estimates for Saputo in a report issued on Monday. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $2.07 per share for the year, up from their previous estimate of $2.06. National Bank Financial currently has a “Sector Perform” rating and a $50.00 target price on the stock. National Bank Financial also issued estimates for Saputo’s FY2019 earnings at $2.35 EPS, FY2020 earnings at $2.58 EPS and FY2021 earnings at $2.85 EPS.
A number of other research firms have also issued reports on SAP. Desjardins lowered shares of Saputo from a “buy” rating to a “hold” rating in a research note on Monday. TD Securities lifted their price objective on shares of Saputo from C$49.00 to C$52.00 and gave the company a “buy” rating in a research note on Friday, October 27th. BMO Capital Markets reiterated a “market perform” rating and set a C$47.00 price objective on shares of Saputo in a research note on Friday, October 27th. Finally, Royal Bank Of Canada upgraded shares of Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 price objective on the stock in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$50.00.
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In related news, insider Louise St-Jean sold 838 shares of Saputo stock in a transaction on Monday, August 14th. The shares were sold at an average price of C$43.39, for a total value of C$36,360.82.
Saputo Company Profile
Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
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