Saputo (TSE:SAP) Stock Passes Above Two Hundred Day Moving Average of $40.15

Saputo Inc. (TSE:SAP)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.15 and traded as high as $40.27. Saputo shares last traded at $40.05, with a volume of 200,495 shares traded.

Several research analysts have recently weighed in on SAP shares. CIBC lifted their price target on shares of Saputo from C$43.00 to C$44.00 in a research note on Friday, November 8th. Desjardins reiterated a “hold” rating on shares of Saputo in a research note on Thursday, November 28th. National Bank Financial lifted their price target on shares of Saputo from C$43.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada dropped their price target on shares of Saputo from C$49.00 to C$47.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$45.50.

The company’s 50 day moving average price is C$39.35 and its two-hundred day moving average price is C$40.09. The firm has a market cap of $16.47 billion and a PE ratio of 20.54. The company has a current ratio of 1.67, a quick ratio of 0.68 and a debt-to-equity ratio of 70.01.

Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.43 by C$0.04. The business had revenue of C$3.67 billion for the quarter, compared to analysts’ expectations of C$3.89 billion. Equities research analysts expect that Saputo Inc. will post 1.9700002 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Monday, December 2nd. Saputo’s dividend payout ratio (DPR) is 34.31%.

About Saputo (TSE:SAP)

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.

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