Free Trial

Saputo (TSE:SAP) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Saputo logo with Consumer Defensive background

Saputo Inc. (TSE:SAP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$25.31 and traded as high as C$26.90. Saputo shares last traded at C$26.42, with a volume of 356,305 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SAP. TD Securities reduced their target price on shares of Saputo from C$37.00 to C$35.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Royal Bank of Canada dropped their price objective on shares of Saputo from C$38.00 to C$35.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. National Bankshares set a C$28.00 price objective on shares of Saputo and gave the company an "outperform" rating in a research note on Monday, April 7th. Scotiabank upgraded shares of Saputo to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Desjardins dropped their price objective on shares of Saputo from C$34.00 to C$31.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$31.00.

View Our Latest Stock Report on Saputo

Saputo Trading Up 0.3%

The company has a market capitalization of C$11.18 billion, a price-to-earnings ratio of -70.98, a P/E/G ratio of 0.56 and a beta of 0.32. 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 company's 50 day simple moving average is C$25.88 and its two-hundred day simple moving average is C$25.31.

About Saputo

(Get Free Report)

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.

Featured Articles

Should You Invest $1,000 in Saputo Right Now?

Before you consider Saputo, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saputo wasn't on the list.

While Saputo currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome
Top 5 Stocks for June: AI Picks That Aren’t NVIDIA

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines