Saputo (TSE:SAP) Shares Pass Above 200 Day Moving Average of $29.96

Shares of Saputo Inc. (TSE:SAPGet Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$29.96 and traded as high as C$34.45. Saputo shares last traded at C$33.75, with a volume of 333,523 shares changing hands.

Analyst Ratings Changes

SAP has been the subject of several analyst reports. TD Securities upped their target price on Saputo from C$39.00 to C$42.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. National Bankshares raised their target price on Saputo from C$35.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. BMO Capital Markets increased their price target on Saputo from C$39.00 to C$41.00 in a research note on Friday, August 5th. Royal Bank of Canada raised their price objective on Saputo from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Finally, CIBC lifted their price objective on Saputo from C$35.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$39.11.

Saputo Trading Down 2.1 %

The company has a quick ratio of 0.64, a current ratio of 1.56 and a debt-to-equity ratio of 64.58. The company has a market cap of C$14.11 billion and a P/E ratio of 39.24. The firm’s 50 day moving average is C$32.92 and its two-hundred day moving average is C$29.96.

Saputo (TSE:SAPGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported C$0.39 EPS for the quarter, beating the consensus estimate of C$0.30 by C$0.09. The firm had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.20 billion. As a group, equities research analysts anticipate that Saputo Inc. will post 1.9739433 EPS for the current year.

Saputo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 16th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, September 2nd. Saputo’s payout ratio is presently 83.72%.

Insider Activity

In related news, Director Louis-Philippe Carrière sold 35,000 shares of the business’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of C$28.54, for a total transaction of C$998,900.00. Following the sale, the director now owns 46,435 shares of the company’s stock, valued at C$1,325,254.90. In related news, Senior Officer Patrick Turcotte sold 8,138 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of C$34.01, for a total transaction of C$276,810.00. Following the sale, the insider now owns 7,320 shares of the company’s stock, valued at C$248,986.14. Also, Director Louis-Philippe Carrière sold 35,000 shares of the stock in a transaction on Monday, June 27th. The shares were sold at an average price of C$28.54, for a total transaction of C$998,900.00. Following the completion of the sale, the director now directly owns 46,435 shares in the company, valued at approximately C$1,325,254.90. In the last 90 days, insiders have sold 50,012 shares of company stock valued at $1,509,426.

Saputo Company Profile

(Get Rating)

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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