Saputo (TSE:SAP) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Saputo Inc. (TSE:SAP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.60 and traded as low as C$24.85. Saputo shares last traded at C$24.88, with a volume of 626,550 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada lowered their price target on Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Desjardins set a C$34.00 target price on shares of Saputo in a research note on Monday, November 11th. BMO Capital Markets downgraded shares of Saputo from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. Jefferies Financial Group decreased their price objective on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, TD Securities dropped their target price on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.19.

Saputo Price Performance

The firm has a market capitalization of C$10.56 billion, a P/E ratio of 39.49, a P/E/G ratio of 0.56 and a beta of 0.32. The business’s fifty day moving average is C$26.05 and its 200 day moving average is C$28.60. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17.

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a $0.19 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.76 annualized dividend and a dividend yield of 3.05%. Saputo’s dividend payout ratio is currently 120.63%.

Insider Activity

In related news, Senior Officer Leanne Cutts acquired 4,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of C$26.25 per share, for a total transaction of C$105,000.00. Insiders own 40.45% of the company’s stock.

About Saputo

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.