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
(
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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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