Saputo Inc. (TSE:SAP - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$27.56 and traded as high as C$34.59. Saputo shares last traded at C$34.25, with a volume of 448,421 shares trading hands.
Wall Street Analyst Weigh In
SAP has been the subject of a number of recent analyst reports. Desjardins raised their price objective on Saputo from C$31.00 to C$36.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Scotiabank raised their price objective on Saputo from C$29.00 to C$36.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Royal Bank Of Canada raised their price objective on Saputo from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. National Bankshares raised their price objective on Saputo from C$29.00 to C$35.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, BMO Capital Markets raised their price objective on Saputo from C$27.00 to C$34.00 in a research note on Monday, August 11th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$34.63.
Get Our Latest Stock Analysis on SAP
Saputo Trading Down 1.2%
The company has a market cap of C$14.12 billion, a price-to-earnings ratio of -100.74, a price-to-earnings-growth ratio of 0.56 and a beta of 0.07. The firm has a 50-day moving average price of C$30.63 and a 200 day moving average price of C$27.56. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68.
Saputo Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, September 12th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Saputo's previous quarterly dividend of $0.19. Saputo's payout ratio is -223.53%.
About Saputo
(
Get Free Report)
Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Saputo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saputo wasn't on the list.
While Saputo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
