Maple Leaf Foods (TSE:MFI) Stock Price Passes Above 200-Day Moving Average - Here's Why

Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$22.18 and traded as high as C$25.01. Maple Leaf Foods shares last traded at C$24.99, with a volume of 93,921 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MFI shares. National Bankshares boosted their price objective on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Royal Bank of Canada increased their target price on Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group boosted their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, CIBC increased their price objective on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$31.08.

Maple Leaf Foods Trading Down 0.4 %

The company has a market cap of C$3.11 billion, a PE ratio of 91.56, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26. The stock's 50-day moving average price is C$22.82.

Remove Ads

Maple Leaf Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Friday, March 7th. This is a positive change from Maple Leaf Foods's previous quarterly dividend of $0.22. Maple Leaf Foods's dividend payout ratio (DPR) is currently 324.76%.

Maple Leaf Foods Company Profile

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.