In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, Saputo Inc. (SAP). The company received a Hold today from National Bank’s analyst Vishal Shreedhar, with a C$44 price target.
According to TipRanks.com, Shreedhar is a 1-star analyst with an average return of -1.5% and a 50.0% success rate. Shreedhar covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Dollarama Inc.
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Saputo Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$44.25, implying an 8.1% upside from current levels. In a report issued on January 29, BMO Capital also reiterated a Hold rating on the stock with a C$43 price target.
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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 Friday at C$40.94.
