What’s Ahead for Saputo Inc. After Reaching All-Time High?

 What's Ahead for Saputo Inc. After Reaching All Time High?

The stock of Saputo Inc. (TSE:SAP) reached all time high today, Nov, 1 and still has $66.03 target or 36.00% above today’s $48.55 share price. This indicates more upside for the $19.36 billion company. This technical setup was reported by Barchart.com. If the $66.03 PT is reached, the company will be worth $6.97 billion 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 156,261 shares traded hands. Saputo Inc. (TSE:SAP) has risen 18.28% since March 28, 2016 and is uptrending. It has outperformed by 15.27% 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 $41.50 average target is -14.52% below today’s ($48.55) stock price. Saputo Inc. has been the topic of 24 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by TD Securities with “Hold” on Friday, July 29. The firm has “Outperform” rating given on Friday, July 29 by Scotia Capital. The stock of Saputo Inc. (TSE:SAP) has “Outperform” rating given on Tuesday, October 6 by RBC Capital Markets. RBC Capital Markets downgraded it to “Sector Perform” rating and $42 target price in Tuesday, May 24 report. The firm has “Sector Perform” rating given on Friday, June 3 by National Bank Canada. The firm earned “Sector Perform” rating on Friday, June 3 by RBC Capital Markets. Scotia Capital maintained Saputo Inc. (TSE:SAP) rating on Wednesday, August 5. Scotia Capital has “Sector Outperform” rating and $37 price target.

More 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 the news titled: “Saputo Inc CEO says Canada could have been better without dairy supply …” on June 02, 2016. Fool.ca‘s news article titled: “Investors: 3 Reasons to Load Up on Saputo Inc.” with publication date: September 26, 2016 was also an interesting one.

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 $19.36 billion. The Firm has three geographic sectors. It has a 30.16 P/E ratio. The Canada Sector consists of Dairy Division .

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