Saputo (TSE:SAP) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Saputo Inc. (TSE:SAP - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$25.58 and traded as high as C$26.81. Saputo shares last traded at C$26.30, with a volume of 468,793 shares traded.

Wall Street Analyst Weigh In

SAP has been the topic of several research analyst reports. TD Securities dropped their target price on shares of Saputo from C$37.00 to C$35.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. National Bankshares set a C$28.00 price objective on Saputo and gave the company an "outperform" rating in a report on Monday, April 7th. Royal Bank of Canada cut their target price on Saputo from C$38.00 to C$35.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Scotiabank raised Saputo to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Desjardins decreased their price objective on shares of 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. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$31.00.

Saputo Stock Down 0.3 %

The company has a market capitalization of C$11.15 billion, a price-to-earnings ratio of -70.79, a PEG ratio of 0.56 and a beta of 0.32. The stock's fifty day simple moving average is C$25.39 and its two-hundred day simple moving average is C$25.52. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67.

Saputo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given 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 2.87%. Saputo's dividend payout ratio is presently -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.