The stock of Saputo Inc. (TSE:SAP) hit a new 52-week high and has $58.24 target or 23.00% above today’s $47.35 share price. The 6 months bullish chart indicates low risk for the $18.52B company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $58.24 price target is reached, the company will be worth $4.26 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 55,245 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 -12.61% below today’s ($47.35) 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 Wednesday, August 5 by Scotia Capital. RBC Capital Markets downgraded the shares of SAP in a report on Tuesday, May 24 to “Sector Perform” rating. The company was maintained on Friday, July 29 by Scotia Capital. The firm has “Sector Perform” rating by National Bank Canada given on Friday, June 3. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, October 6. The company was maintained on Friday, July 29 by TD Securities. As per Friday, June 3, the company rating was maintained by RBC Capital Markets.
More important recent Saputo Inc. (TSE:SAP) news were published by: Marketwired.com which released: “Saputo Inc.: Fiscal 2017 Second Quarter Results” on October 14, 2016, also Business.Financialpost.com published article titled: “Saputo Inc CEO says Canada could have been better without dairy supply …”, Marketwired.com 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: Fool.ca 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 $18.52 billion. The Firm has three geographic sectors. It has a 29.41 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.
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