Saputo Inc. (TSX: SAP), the Consumer Goods sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Irene Nattel from RBC Capital remains bullish on the stock and has a C$48 price target.
According to TipRanks.com, Nattel is a 3-star analyst with an average return of 3.5% and a 49.3% success rate. Nattel covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Casey’s General.
Read also: Why This Analyst Just Threw Cold Water on New Age Beverages (NBEV) Stock
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Saputo Inc. with a C$45.80 average price target.
Based on Saputo Inc.’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$126 million. In comparison, last year the company had a net profit of C$185 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$38.95, close to its 52-week low of C$37.74.
