Saputo Inc. (TSE:SAP - Get Free Report)'s share price passed 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 trading hands.
Analyst Upgrades and Downgrades
Several equities analysts have commented on SAP shares. Desjardins dropped their price target on shares of Saputo from C$34.00 to C$31.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada dropped their price target on shares of Saputo from C$38.00 to C$35.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. 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. Scotiabank upgraded shares of Saputo to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, National Bankshares set a C$28.00 target price on shares of Saputo and gave the stock an "outperform" rating in a research report on Monday, April 7th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$31.00.
View Our Latest Stock Analysis on SAP
Saputo Trading Up 0.7%
The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The company has a fifty day moving average of C$25.56 and a two-hundred day moving average of C$25.32. The stock has a market capitalization of C$10.98 billion, a price-to-earnings ratio of -69.72, a P/E/G ratio of 0.56 and a beta of 0.32.
Saputo Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Tuesday, March 4th. Saputo's dividend payout ratio (DPR) is currently -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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