Desjardins Reiterates a Buy Rating on Saputo Inc. (SAP)


Saputo Inc. (SAP), the Consumer Goods sector company was revisited today, and remains undervalued for at least one analyst on the street. The company received a Buy rating from Desjardins’ analyst Keith Howlett, with a C$47 price target.

According to TipRanks.com, Howlett is a 3-star analyst with an average return of 3.1% and a 57.8% success rate. Howlett covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Dollarama Inc.

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Currently, the analyst consensus on Saputo Inc. is a Moderate Buy with an average price target of C$44.33.

Based on Saputo Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$342 million. In comparison, last year the company had a net profit of C$337 million.

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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