Saputo (TSE:SAP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Saputo Inc. (TSE:SAP)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$25.69 and traded as high as C$25.70. Saputo shares last traded at C$25.60, with a volume of 685,610 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SAP. TD Securities dropped their price target on shares of Saputo from C$37.00 to C$35.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Desjardins cut their price target on Saputo from C$34.00 to C$31.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Royal Bank of Canada lowered their price target on Saputo from C$38.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. CIBC cut their price objective on shares of Saputo from C$32.00 to C$29.00 in a research report on Monday, February 10th. Finally, Jefferies Financial Group decreased their target price on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Saputo has an average rating of “Buy” and a consensus target price of C$31.00.

Saputo Stock Down 0.3 %

The stock has a market cap of C$10.79 billion, a P/E ratio of -68.54, a P/E/G ratio of 0.56 and a beta of 0.32. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. The firm’s fifty day moving average is C$25.03 and its 200 day moving average is C$25.69.

Saputo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, March 4th. Saputo’s dividend payout ratio is currently -203.48%.

About Saputo

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.