Saputo Inc. (TSE:SAP - Get Free Report) shares passed 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 Analyst Weigh In
Several equities research analysts recently weighed in on the company. TD Securities reduced their target price on Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a report on Friday, March 28th. Desjardins dropped their price target on Saputo from C$34.00 to C$31.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Scotiabank raised Saputo to a "strong-buy" rating in a research report on Tuesday, April 1st. National Bankshares set a C$28.00 price target on Saputo and gave the stock an "outperform" rating in a research report on Monday, April 7th. Finally, CIBC dropped their price target on Saputo from C$32.00 to C$29.00 in a research report on Monday, February 10th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$31.00.
Check Out Our Latest Stock Analysis on Saputo
Saputo Stock Down 1.8%
The firm has a 50 day simple moving average of C$25.93 and a two-hundred day simple moving average of C$25.31. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The stock has a market cap of C$10.98 billion, a price-to-earnings ratio of -69.72, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32.
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.
Further Reading
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