Analysts lowers targets for Saputo Inc. (SAP:TSX) on earnings release

Saputo Inc Stock Forecast:

According to 13 analysts, the average target price for Saputo Inc over the next 12 months is CAD 38.14. The average analyst rating for the company is Buy. However, Stock Target Advisor’s analysis of Saputo Inc suggests a Neutral stance, considering 8 positive signals and 8 negative signals. The last closing price of Saputo Inc’s stock was CAD 30.32. In the past week, the stock price has decreased by -13.64%, in the past month by -15.99%, and over the last year, it has increased by +12.50%.

Analysts Coverage Change:

  • National Bank Financial maintained Saputo Inc.’s (SAP:TSX) Outperform rating and lowered the target to $37 from $43.
  • BMO Capital Markets maintained Saputo Inc.’s  Outperform rating and lowered the target price to $37 from $43.
  • Scotia Capital maintained Saputo Inc.’s Sector Perform rating and lowered the target price to $35 from $39.
  • TD Securities maintained Saputo Inc.‘s  Buy rating and lowered the target price to  $42 from $46.
  • RBC maintained Saputo Inc.’s Outperform rating and lowered the target price to $40 from $46.
  • CIBC World Markets maintained Saputo Inc.’s Outperform rating and lowered the target price to $38 from $43.
  • Desjardins Securities maintained Saputo Inc.’s Buy rating and lowered the target price to $38.

Saputo Inc. News:

Saputo, recently released its fourth-quarter results, showcasing a strong performance despite facing various challenges in the market. The company reported a significant increase in revenue, net earnings, and adjusted EBITDA, highlighting its ability to navigate through a complex business landscape.

In the fourth quarter, Saputo’s revenue grew by an impressive 12.9% year-on-year, reaching CAD 4.5 billion compared to CAD 3.96 billion in the same quarter the previous year. This growth can be attributed to several factors, including successful pricing initiatives, robust international markets, and favorable commodity prices. Saputo’s strategic focus on its supply chain also played a crucial role in improving its ability to meet customer demands, particularly in the USA sector.

Net earnings for the company amounted to CAD 159 million, marking a substantial increase of CAD 122 million or 329.7% from the previous year’s figure of $37 million. This remarkable growth in net earnings demonstrates Saputo’s efficiency in managing costs and maximizing profitability.

Adjusted EBITDA in the fourth quarter reached CAD 392 million, representing a 50.8% year-on-year increase from CAD 260 million in the same period last year. The company’s ability to enhance its operational efficiency and generate higher earnings before interest, taxes, depreciation, and amortization indicates effective management and sound financial performance.

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