Shares of Saputo Inc. (TSE:SAP - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.60 and traded as low as C$24.85. Saputo shares last traded at C$24.88, with a volume of 626,550 shares traded.
Analyst Ratings Changes
SAP has been the topic of a number of recent research reports. Desjardins set a C$34.00 target price on Saputo in a research note on Monday, November 11th. Jefferies Financial Group lowered their price objective on Saputo from C$36.00 to C$32.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. BMO Capital Markets cut shares of Saputo from an "outperform" rating to a "market perform" rating and reduced their target price for the company from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. Royal Bank of Canada lowered their price target on shares of Saputo from C$39.00 to C$38.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 29th. Finally, TD Securities cut their price objective on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Saputo currently has an average rating of "Moderate Buy" and a consensus price target of C$34.19.
Check Out Our Latest Stock Report on SAP
Saputo Price Performance
The business has a fifty day moving average price of C$26.05 and a 200 day moving average price of C$28.60. The company has a market cap of C$10.45 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59.
Saputo Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a $0.19 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.76 dividend on an annualized basis and a yield of 3.09%. Saputo's dividend payout ratio is currently 120.63%.
Insider Transactions at Saputo
In other Saputo news, Senior Officer Leanne Cutts bought 4,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of C$26.25 per share, for a total transaction of C$105,000.00. Company insiders own 40.45% of the company's stock.
Saputo Company Profile
(
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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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