The stock of Saputo Inc. (TSE:SAP) is a huge mover today! About 119,969 shares traded hands. Saputo Inc. (TSE:SAP) has risen 18.33% since April 19, 2016 and is uptrending. It has outperformed by 13.00% the S&P500.
The move comes after 7 months positive chart setup for the $18.39B company. It was reported on Nov, 23 by Barchart.com. We have $49.48 PT which if reached, will make TSE:SAP worth $1.10B 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. $54 is the highest target while $31 is the lowest. The $44 average target is -5.74% below today’s ($46.68) stock price. Saputo Inc. has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Friday, June 3 the stock rating was maintained by National Bank Canada with “Sector Perform”. The company was downgraded on Tuesday, May 24 by RBC Capital Markets. RBC Capital Markets maintained Saputo Inc. (TSE:SAP) on Friday, June 3 with “Sector Perform” rating. The stock of Saputo Inc. (TSE:SAP) has “Hold” rating given on Friday, July 29 by TD Securities. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, October 6. Scotia Capital maintained Saputo Inc. (TSE:SAP) rating on Friday, July 29. Scotia Capital has “Outperform” rating and $44 price target. The rating was maintained by Scotia Capital on Wednesday, August 5 with “Sector Outperform”. The stock of Saputo Inc. (TSE:SAP) earned “Hold” rating by TD Securities on Friday, November 4.
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 $18.39 billion. The Firm has three geographic sectors. It has a 27.17 P/E ratio. The Canada Sector consists of Dairy Division .
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