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.