Saputo Inc. (TSE:SAP - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. National Bankshares increased their price target on shares of Saputo from C$28.00 to C$29.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Scotiabank lowered their target price on shares of 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 equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Saputo presently has an average rating of "Moderate Buy" and a consensus target price of C$30.88.
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Saputo Stock Performance
The stock's 50 day moving average price is C$27.42 and its 200 day moving average price is C$25.87. 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 company has a market cap of C$12.04 billion, a price-to-earnings 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 announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 26th were issued 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 dividend yield of 2.7%. Saputo's payout ratio is presently -203.48%.
About Saputo
(
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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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