Saputo Inc. (TSX: SAP), the Consumer Goods sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Patricia Baker from Scotiabank remains bullish on the stock and has a C$49 price target.
According to TipRanks.com, Baker is a 4-star analyst with an average return of 7.6% and a 58.1% success rate. Baker covers the Services sector, focusing on stocks such as Restaurant Brands International, Walgreens Boots Alliance, and Kroger Company.
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Saputo Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$45.67, implying a 9.9% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a C$49 price target.
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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$200 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 Wednesday at C$41.55.
