Saputo Inc. Stock Price News and Analysis

Recent Updates and Analysis

Saputo Inc. (SAP) reported a first-quarter profit of $142 million, an increase of nearly 10% from the same period last year.

The company's revenue also rose, climbing by 9.5% to $1.3 billion. The strong results were driven by higher sales volumes and prices for its dairy products.

Saputo Inc. is a Canadian dairy company that produces and markets a wide range of dairy products, including milk, cheese, yogurt, and ice cream. The company has operations in North America, Europe, and Australia.

In a recent research report, National Bankshares analysts cut their price target on Saputo Inc. stock from C$36.00 to C$35.00. The analysts cited concerns about the company's exposure to rising input costs and competition from other dairy companies.

Despite the downgrade, Saputo Inc. stock remains a Buy rating among analysts. The average price target for the stock is C$35.93, which represents a potential upside of over 10% from the current price.