Saputo (TSE:SAP) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Saputo Inc. (TSE:SAP)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$33.38 and traded as high as C$41.30. Saputo shares last traded at C$40.83, with a volume of 247,246 shares changing hands.

Analyst Ratings Changes

SAP has been the topic of several analyst reports. Scotiabank raised their price target on shares of Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Desjardins increased their price objective on Saputo from C$40.00 to C$45.00 and gave the stock a “buy” rating in a report on Friday, December 19th. National Bankshares lifted their target price on Saputo from C$36.00 to C$38.00 in a research note on Monday, November 10th. BMO Capital Markets boosted their price target on Saputo from C$34.00 to C$37.00 in a research report on Monday, November 10th. Finally, CIBC raised their price target on Saputo from C$36.00 to C$40.00 in a report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$40.38.

Saputo Price Performance

The business has a 50-day moving average price of C$37.90 and a 200 day moving average price of C$33.42. The company has a market cap of C$16.74 billion, a price-to-earnings ratio of -204.15, a P/E/G ratio of 0.56 and a beta of 0.14. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68.

Saputo (TSE:SAP) last issued its earnings results on Thursday, November 6th. The company reported C$0.45 earnings per share (EPS) for the quarter. The business had revenue of C$4.72 billion for the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%. As a group, research analysts expect that Saputo Inc. will post 1.7735369 earnings per share for the current fiscal year.

Saputo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, December 12th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, December 2nd. Saputo’s payout ratio is presently -385.00%.

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.