Maple Leaf Foods (TSE:MFI) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Maple Leaf Foods Inc. (TSE:MFI) passed 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.

Analysts Set New Price Targets

MFI has been the topic of a number of recent analyst reports. Canaccord Genuity Group upped their price target on 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. CIBC upped their target price 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. Royal Bank of Canada increased 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 note on Wednesday, February 26th. Finally, National Bankshares boosted their price target on Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$31.08.

Maple Leaf Foods Trading Down 0.5 %

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 stock has a 50-day simple moving average of C$23.18 and a 200 day simple moving average of C$22.29. The company has a market cap of C$3.12 billion, a price-to-earnings ratio of 91.97, a PEG ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.85%. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 7th. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 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.