Saputo (TSE:SAP) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Saputo Inc. (TSE:SAP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$25.37 and traded as high as C$27.97. Saputo shares last traded at C$27.87, with a volume of 755,270 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. National Bankshares boosted their price target on Saputo from C$28.00 to C$29.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Scotiabank cut their target price on shares of Saputo from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research note on Monday, June 9th. Finally, TD Securities decreased 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$30.88.

Saputo Stock Performance

The firm has a market cap of C$11.65 billion, a PE ratio of -73.98, a P/E/G ratio of 0.56 and a beta of 0.32. The stock has a 50-day moving average price of C$26.55 and a 200 day moving average price of C$25.39. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 26th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.75%. The ex-dividend date was Tuesday, June 17th. Saputo's dividend payout ratio (DPR) is -203.48%.

Saputo Company Profile

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.