Saputo (TSE:SAP) Stock Price Crosses Above Two Hundred Day Moving Average of $34.80

Saputo Inc. (TSE:SAP – Get Rating) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$34.80 and traded as high as C$36.11. Saputo shares last traded at C$36.08, with a volume of 251,587 shares.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. TD Securities raised their target price on Saputo from C$44.00 to C$46.00 and gave the company a “buy” rating in a research report on Monday, February 13th. CIBC increased their target price on shares of Saputo from C$39.00 to C$43.00 and gave the company an “outperform” rating in a research report on Monday, February 13th. Royal Bank of Canada boosted their price objective on Saputo from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Scotiabank boosted their price target on shares of Saputo from C$38.00 to C$39.00 in a research report on Monday, February 13th. Finally, National Bankshares raised their price objective on shares of Saputo from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a report on Monday, February 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$43.33.

Saputo Trading Down 0.0 %

The stock has a market capitalization of C$15.15 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. The stock’s fifty day moving average price is C$34.85 and its two-hundred day moving average price is C$34.80. The company has a current ratio of 1.66, a quick ratio of 0.67 and a debt-to-equity ratio of 57.49.

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Tuesday, March 7th were given a dividend of $0.18 per share. The ex-dividend date was Monday, March 6th. This represents a $0.72 annualized dividend and a yield of 2.00%. Saputo’s payout ratio is 60.00%.

Insider Activity

In related news, Director Terry Brockman sold 19,029 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of C$36.24, for a total value of C$689,548.16. Insiders own 42.03% of the company’s stock.

Saputo Company Profile

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Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.