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

Saputo Inc. (TSE:SAP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$25.81 and traded as high as C$29.25. Saputo shares last traded at C$29.18, with a volume of 340,362 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SAP. National Bankshares increased their target price on Saputo from C$28.00 to C$29.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Scotiabank dropped their target price on Saputo from C$30.00 to C$29.00 and set an "outperform" rating on the stock in a research report on Monday, June 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$30.88.

Saputo Stock Down 1.8%

The stock has a 50-day simple moving average of C$27.47 and a two-hundred day simple moving average of C$25.91. 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 firm has a market cap of C$12.04 billion, a PE ratio of -76.44, a P/E/G ratio of 0.56 and a beta of 0.32.

Saputo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 26th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.76 dividend on an annualized basis and a yield of 2.7%. Saputo's dividend payout ratio (DPR) is presently -203.48%.

About Saputo

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.