Saputo (TSE:SAP) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Saputo Inc. (TSE:SAP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$41.15 and traded as high as C$42.52. Saputo shares last traded at C$42.24, with a volume of 1,456,970 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on SAP. Desjardins increased their price target on Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, February 9th. BMO Capital Markets increased their price target on Saputo from C$41.00 to C$42.00 and gave the company a “market perform” rating in a research report on Monday, February 9th. Scotiabank raised their price objective on Saputo from C$47.00 to C$49.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Royal Bank Of Canada raised their price objective on Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Sunday, February 8th. Finally, Ventum Financial set a C$47.00 price objective on Saputo and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Saputo has a consensus rating of “Moderate Buy” and an average target price of C$46.11.

Saputo Stock Performance

The firm has a market capitalization of C$17.12 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 0.56 and a beta of 0.10. The company has a fifty day moving average of C$41.41 and a two-hundred day moving average of C$41.15. The company has a debt-to-equity ratio of 59.15, a quick ratio of 0.67 and a current ratio of 1.64.

Saputo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 13th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, March 3rd. Saputo’s dividend payout ratio (DPR) is presently 50.00%.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.