Saputo (TSE:SAP) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Saputo Inc. (TSE:SAP - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$25.47 and traded as high as C$26.46. Saputo shares last traded at C$25.98, with a volume of 709,080 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on SAP. Desjardins decreased their price target on shares of Saputo from C$34.00 to C$31.00 and set a "buy" rating for the company in a research report on Monday, February 10th. TD Securities dropped their target price on shares of Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a report on Friday, March 28th. 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 on the stock in a research note on Friday, February 7th. BMO Capital Markets lowered their price target on Saputo from C$30.00 to C$27.00 and set a "market perform" rating for the company in a report on Friday, January 10th. Finally, Scotiabank upgraded Saputo to a "strong-buy" rating in a report on Tuesday, April 1st. One equities research 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. According to MarketBeat.com, Saputo presently has an average rating of "Buy" and an average price target of C$31.00.

Saputo Stock Up 0.5 %

The firm's fifty day moving average is C$25.45 and its 200 day moving average is C$25.39. The stock has a market cap of C$11.06 billion, a P/E ratio of -70.23, a P/E/G ratio of 0.56 and a beta of 0.32. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Tuesday, March 4th. Saputo's payout ratio 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.