Saputo Inc. (TSE:SAP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$26.99 and traded as high as C$34.22. Saputo shares last traded at C$34.20, with a volume of 1,239,400 shares traded.
Analysts Set New Price Targets
Several equities research analysts recently commented on SAP shares. TD Securities lifted their target price on shares of Saputo from C$35.00 to C$38.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Scotiabank boosted their target price on shares of Saputo from C$29.00 to C$36.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Desjardins raised their target price 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. Royal Bank Of Canada boosted their price target on shares of Saputo from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, National Bankshares upped their target price on shares of Saputo from C$29.00 to C$35.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Saputo has a consensus rating of "Moderate Buy" and a consensus target price of C$34.63.
Check Out Our Latest Research Report on SAP
Saputo Stock Up 0.1%
The company has a market capitalization of C$14.30 billion, a PE ratio of -101.12, a P/E/G ratio of 0.56 and a beta of -0.09. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. The stock's fifty day moving average is C$29.78 and its two-hundred day moving average is C$27.17.
Saputo Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, September 12th will be given a dividend of $0.20 per share. This is a boost from Saputo's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. Saputo's dividend payout ratio (DPR) is -223.53%.
About Saputo
(
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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
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