Saputo (TSE:SAP) Stock Price Crosses Above Two Hundred Day Moving Average of $27.02

Saputo Inc. (TSE:SAP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$27.02 and traded as high as C$28.22. Saputo shares last traded at C$27.93, with a volume of 206,296 shares trading hands.

Analyst Ratings Changes

A number of research firms have issued reports on SAP. Scotiabank upped their price target on shares of Saputo from C$31.50 to C$32.50 and gave the company an “outperform” rating in a report on Monday, February 12th. CIBC decreased their price target on Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Royal Bank of Canada lowered their target price on shares of Saputo from C$40.00 to C$36.00 and set an “outperform” rating for the company in a report on Friday, February 2nd. Finally, TD Securities lowered their target price on shares of Saputo from C$40.00 to C$36.00 and set a “buy” rating for the company in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.81.

Saputo Stock Down 0.0 %

The stock has a market capitalization of C$11.85 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 0.21 and a beta of 0.32. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 58.27. The firm’s 50 day simple moving average is C$26.63 and its 200-day simple moving average is C$27.01.

Saputo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Monday, March 4th. Saputo’s payout ratio is presently 94.87%.

Insider Transactions at Saputo

In related news, Senior Officer Leanne Cutts purchased 1,800 shares of the stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of C$28.03 per share, with a total value of C$50,454.00. In related news, Director Maxime Therrien purchased 4,500 shares of the stock in a transaction dated Friday, March 1st. The stock was bought at an average cost of C$27.68 per share, for a total transaction of C$124,560.00. Also, Senior Officer Leanne Cutts purchased 1,800 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of C$28.03 per share, with a total value of C$50,454.00. 42.11% of the stock is owned by company insiders.

Saputo Company Profile

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.