Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$22.46 and traded as high as C$23.69. Maple Leaf Foods shares last traded at C$23.65, with a volume of 130,651 shares traded.
Analyst Upgrades and Downgrades
MFI has been the topic of several research analyst reports. Royal Bank of Canada lifted their price target on Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. National Bankshares raised their target price on Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group upped their price objective on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Scotiabank raised Maple Leaf Foods to a "hold" rating in a research report on Tuesday, April 1st. Finally, CIBC raised their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Maple Leaf Foods has an average rating of "Moderate Buy" and a consensus target price of C$31.08.
View Our Latest Research Report on MFI
Maple Leaf Foods Price Performance
The company has a market capitalization of C$3.01 billion, a price-to-earnings ratio of 88.87, a PEG ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. The company has a 50 day moving average price of C$23.86 and a 200 day moving average price of C$22.48.
Maple Leaf Foods Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.24 dividend. This is a positive change from Maple Leaf Foods's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 7th. This represents a $0.96 annualized dividend and a yield of 3.99%. Maple Leaf Foods's dividend payout ratio is presently 324.76%.
About Maple Leaf Foods
(
Get Free Report)
Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.
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