Saputo Inc. (TSE:SAP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$25.58 and traded as high as C$26.81. Saputo shares last traded at C$26.30, with a volume of 468,793 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on SAP. National Bankshares set a C$28.00 price objective on shares of Saputo and gave the company an "outperform" rating in a research report on Monday, April 7th. Royal Bank of Canada cut their price target on Saputo from C$38.00 to C$35.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Desjardins lowered their price target on Saputo from C$34.00 to C$31.00 and set a "buy" rating on the stock in a report on Monday, February 10th. TD Securities lowered 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 report on Friday, March 28th. Finally, CIBC decreased their target price on shares of Saputo from C$32.00 to C$29.00 in a research report on Monday, February 10th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$31.00.
Check Out Our Latest Stock Analysis on SAP
Saputo Price Performance
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 stock's 50 day moving average price is C$25.35 and its two-hundred day moving average price is C$25.52. The firm has a market capitalization of C$11.09 billion, a price-to-earnings ratio of -70.42, 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 Friday, March 14th. Shareholders of record on Friday, March 14th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Tuesday, March 4th. Saputo's dividend payout ratio (DPR) is -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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