Saputo Inc. (TSE:SAP - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$25.36 and traded as high as C$26.36. Saputo shares last traded at C$26.03, with a volume of 250,114 shares traded.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. TD Securities reduced their price objective on Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Scotiabank upgraded shares of Saputo to a "strong-buy" rating in a report on Tuesday, April 1st. Desjardins lowered their price objective on shares of Saputo from C$34.00 to C$31.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. National Bankshares set a C$28.00 target price on shares of Saputo and gave the company an "outperform" rating in a research report on Monday, April 7th. Finally, Royal Bank of Canada decreased their price target on shares of 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. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$31.00.
Check Out Our Latest Analysis on SAP
Saputo Price Performance
The firm's 50 day moving average price is C$25.53 and its two-hundred day moving average price is C$25.34. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The stock has a market cap of C$10.98 billion, a PE ratio of -69.72, a P/E/G ratio of 0.56 and a beta of 0.32.
Saputo Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.76 dividend on an annualized basis and a yield of 2.92%. Saputo's dividend payout ratio is -203.48%.
About Saputo
(
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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.
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