BMO Capital Reaffirms Their Hold Rating on Saputo Inc. (SAP)


The Consumer Goods sector company, Saputo Inc. (SAP), has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from BMO Capital’s analyst Peter Sklar, with a C$44 price target.

According to TipRanks.com, Sklar is a 4-star analyst with an average return of 5.7% and a 51.5% success rate. Sklar covers the Services sector, focusing on stocks such as Restaurant Brands International, Loblaw Companies Limited, and Canadian Tire Corp Ltd.

Read also: Kraft Heinz (KHC): There Goes the Buy Rating, Merrill Lynch Downgrades the Stock

Saputo Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$43.83.

Saputo Inc.’s market cap is currently C$16.69B and has a P/E ratio of 21.3. The company has a Price to Book ratio of 3.06.

Saputo, Inc. produces, markets, and distributes a wide array of dairy products. Its products include cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The company was founded by Emanuele Saputo Sr. in September 1954 and is headquartered in Saint-LĂ©onard, Canada.

The company’s shares closed on Friday at C$42.91.

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