Saputo Inc. (TSE:SAP - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$25.30 and traded as high as C$26.89. Saputo shares last traded at C$26.83, with a volume of 590,768 shares traded.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. CIBC dropped their target price on shares of Saputo from C$32.00 to C$29.00 in a report on Monday, February 10th. Desjardins cut their price objective on Saputo from C$34.00 to C$31.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Scotiabank upgraded Saputo to a "strong-buy" rating in a report on Tuesday, April 1st. National Bankshares set a C$28.00 price objective on Saputo and gave the stock an "outperform" rating in a report on Monday, April 7th. Finally, TD Securities cut their price objective on Saputo from C$37.00 to C$35.00 and set a "buy" rating on the stock in a report on Friday, March 28th. One 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 data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$31.00.
Check Out Our Latest Report on Saputo
Saputo Trading Up 0.5%
The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. The company has a 50 day simple moving average of C$25.78 and a two-hundred day simple moving average of C$25.31. The company has a market cap of C$11.28 billion, a PE ratio of -71.62, a PEG ratio of 0.56 and a beta of 0.32.
Saputo Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.76 annualized dividend and a dividend yield of 2.84%. Saputo's payout ratio is -203.48%.
Saputo Company Profile
(
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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.
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