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

Key Points

• Saputo Inc. (TSE: SAP) shares have surpassed their 200-day moving average, indicating potential positive momentum in the stock's performance.
• Multiple analysts have raised their price targets for Saputo, with Scotiabank and Desjardins setting new targets at C$36.00, reflecting optimism for the company's future growth.
• The company announced a quarterly dividend of $0.19 per share, resulting in an annualized yield of 2.4%, though its dividend payout ratio stands at -203.48%.

Saputo Inc. (TSE:SAP - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.23 and traded as high as C$32.91. Saputo shares last traded at C$32.07, with a volume of 862,474 shares trading hands.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of analyst reports. TD Securities lifted their price target on shares of Saputo from C$35.00 to C$38.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Desjardins lifted their price target on shares of Saputo from C$31.00 to C$36.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Scotiabank boosted their price objective 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. Royal Bank Of Canada boosted their price objective on shares of Saputo from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, BMO Capital Markets boosted their price objective on shares of Saputo from C$27.00 to C$34.00 in a research report on Monday, August 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$34.63.

Saputo Trading Down 1.7%

The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The stock has a market cap of C$13.77 billion, a P/E ratio of -87.44, a PEG ratio of 0.56 and a beta of 0.32. The business's 50 day simple moving average is C$28.39 and its two-hundred day simple moving average is C$26.45.

Saputo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 26th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. Saputo's payout ratio is currently -203.48%.

Saputo Company Profile

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.