Shares of Saputo Inc. (SAP) were revisited by a Wall Street analyst today. Analyst Irene Nattel from RBC Capital reiterated a Buy rating, with a C$46 price target.
According to TipRanks.com, Nattel is a 3-star analyst with an average return of 1.2% and a 47.2% success rate. Nattel covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Casey’s General.
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Currently, the analyst consensus on Saputo Inc. is a Moderate Buy with an average price target of C$44.75.
Based on Saputo Inc.’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$163 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-Léonard, Canada.
The company’s shares closed on Monday at C$39.31.
