Time to Buy Saputo Inc. After Today’s Huge Increase?

 Time to Buy Saputo Inc. After Today's Huge Increase?

The stock of Saputo Inc. (TSE:SAP) is a huge mover today! About 68,655 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.
The move comes after 8 months positive chart setup for the $18.53B company. It was reported on Oct, 17 by Barchart.com. We have $64.90 PT which if reached, will make TSE:SAP worth $6.86B more.

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 -12.65% below today’s ($47.37) stock price. Saputo Inc. has been the topic of 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded it to “Sector Perform” rating and $42 target price in Tuesday, May 24 report. The firm has “Outperform” rating given on Tuesday, October 6 by RBC Capital Markets. The stock of Saputo Inc. (TSE:SAP) earned “Outperform” rating by Scotia Capital on Friday, July 29. National Bank Canada maintained the stock with “Sector Perform” rating in Friday, June 3 report. The firm has “Sector Outperform” rating given on Wednesday, August 5 by Scotia Capital. The firm has “Hold” rating given on Friday, July 29 by TD Securities. The firm earned “Sector Perform” rating on Friday, June 3 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 $18.53 billion. The Firm has three geographic sectors. It has a 29.42 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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