Does Saputo Inc. Have Any Gas After Today’s Huge Decline?

 Does Saputo Inc. Have Any Gas After Today's Huge Decline?

The stock of Saputo Inc. (TSE:SAP) is a huge mover today! The stock last traded at $46.22 per share. It is down 16.81% since April 21, 2016 and is uptrending. It has outperformed by 11.40% the S&P500.
The move comes after 7 months negative chart setup for the $18.05B company. It was reported on Nov, 25 by Barchart.com. We have $43.91 PT which if reached, will make TSE:SAP worth $902.50M less.

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. Saputo Inc. has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, October 6. The company was maintained on Wednesday, August 5 by Scotia Capital. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, June 3 report. The company was downgraded on Friday, November 4 by TD Securities. The rating was maintained by Scotia Capital with “Outperform” on Friday, July 29. The stock of Saputo Inc. (TSE:SAP) earned “Hold” rating by TD Securities on Friday, July 29. National Bank Canada maintained Saputo Inc. (TSE:SAP) on Friday, June 3 with “Sector Perform” rating. RBC Capital Markets downgraded Saputo Inc. (TSE:SAP) rating on Tuesday, May 24. RBC Capital Markets has “Sector Perform” rating and $42 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 $18.05 billion. The Firm has three geographic sectors. It has a 26.9 P/E ratio. The Canada Sector consists of Dairy Division .

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