Saputo Inc. (OTCMKTS:SAPIF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Saputo Inc. (OTCMKTS:SAPIF) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

A number of brokerages recently weighed in on SAPIF. Jefferies Financial Group lowered shares of Saputo to a “hold” rating in a research note on Friday, July 24th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Saputo in a report on Monday, June 8th.

Saputo Price Performance

Shares of SAPIF stock opened at $28.47 on Wednesday. Saputo has a 12-month low of $23.67 and a 12-month high of $32.49. The firm has a fifty day moving average of $29.15 and a 200-day moving average of $29.74.

Saputo Company Profile

Saputo Inc is a Canadian dairy processor headquartered in Montreal, Quebec. Founded in 1954 by the Saputo family, the company has grown into one of the world’s major dairy producers through organic expansion and acquisitions.

Saputo manufactures and distributes a broad range of dairy products, including natural and specialty cheeses, fluid milk, cream, cultured products such as yogurt and sour cream, dairy ingredients, butter, and milk powders. It also produces dairy-based beverages and foodservice products, serving retail, foodservice, industrial, and commercial customers.

The company operates dairy processing facilities and serves customers across Canada, the United States, Australia, Argentina, and other international markets.