Does Saputo Inc. Have More Gas After Reaching All-Time High?

 Does Saputo Inc. Have More Gas After Reaching All Time High?

The stock of Saputo Inc. (TSE:SAP) reached all time high today, Oct, 17 and still has $63.96 target or 35.00% above today’s $47.38 share price. This indicates more upside for the $18.54 billion company. This technical setup was reported by If the $63.96 PT is reached, the company will be worth $6.49B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 56,445 shares traded hands. Saputo Inc. (TSE:SAP) has risen 18.70% since March 10, 2016 and is uptrending. It has outperformed by 13.09% the S&P500.

Saputo Inc. (TSE:SAP) Ratings Coverage

Out of 7 analysts covering Saputo Inc. (TSE:SAP), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. $52 is the highest target while $31 is the lowest. The $41.38 average target is -12.66% below today’s ($47.38) stock price. Saputo Inc. has been the topic of 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, July 29 by Scotia Capital. National Bank Canada maintained Saputo Inc. (TSE:SAP) on Friday, June 3 with “Sector Perform” rating. Scotia Capital maintained Saputo Inc. (TSE:SAP) on Wednesday, August 5 with “Sector Outperform” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, June 3. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, October 6. The rating was maintained by TD Securities on Friday, July 29 with “Hold”. The stock of Saputo Inc. (TSE:SAP) has “Sector Perform” rating given on Tuesday, May 24 by RBC Capital Markets.

More important recent Saputo Inc. (TSE:SAP) news were published by: which released: “Saputo Inc.: Fiscal 2017 Second Quarter Results” on October 14, 2016, also published article titled: “Saputo Inc CEO says Canada could have been better without dairy supply …”, published: “Saputo Inc.: A Reminder Not to Consume Neilson Chocolate Milk Products …” on June 12, 2016. More interesting news about Saputo Inc. (TSE:SAP) was released by: and their article: “Investors: 3 Reasons to Load Up on Saputo Inc.” with publication date: September 26, 2016.

Saputo Inc. produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The company has a market cap of $18.54 billion. The Firm has three geographic sectors. It has a 29.43 P/E ratio. The Canada Sector consists of Dairy Division .

SAP Company Profile

SAP SE (SAP), formerly SAP AG, incorporated on July 7, 2014, is engaged in business application and analytics software. The Firm is also engaged in digital commerce and is an enterprise cloud company. The Company’s divisions include Applications, Technology & Services segment, and the SAP Business Network Segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products). The SAP Business Network Segment includes a network of networks, which covers sourcing, procurement, and travel and expenses. The SAP Business Network segment includes SAP’s cloud collaborative business network and services relating to the SAP Business Network, including cloud applications, professional services and education services. The Company’s business network portfolio includes SAP Ariba, Concur and SAP Fieldglass solutions.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment