Saputo Inc. (SAP) Receives a Hold from National Bank


The Consumer Goods sector company, Saputo Inc. (SAP), has received a rating update from a Wall Street analyst today. Analyst Vishal Shreedhar from National Bank remains neutral on the stock and has a C$46 price target.

According to TipRanks.com, Shreedhar is ranked #3407 out of 5205 analysts.

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Saputo Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$45.17, a 5.0% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Hold rating on the stock with a C$44 price target.

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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 Monday at C$43.03.

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