Maple Leaf Foods Inc. (TSE:MFI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$22.29 and traded as high as C$25.11. Maple Leaf Foods shares last traded at C$24.92, with a volume of 181,052 shares traded.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. CIBC lifted their price objective on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. National Bankshares lifted their price target on Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Royal Bank of Canada lifted their target price on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group boosted their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$31.08.
Get Our Latest Stock Report on MFI
Maple Leaf Foods Price Performance
The stock has a 50 day moving average of C$23.26 and a two-hundred day moving average of C$22.31. 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 firm has a market capitalization of C$3.14 billion, a P/E ratio of 92.67, a P/E/G ratio of 18.07 and a beta of 0.47.
Maple Leaf Foods Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Maple Leaf Foods's previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 3.82%. Maple Leaf Foods's dividend payout ratio (DPR) 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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