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

Maple Leaf Foods Inc. (TSE:MFI) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.56 and traded as high as C$24.68. Maple Leaf Foods shares last traded at C$24.60, with a volume of 133,279 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MFI shares. National Bankshares boosted their price target on 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. Canaccord Genuity Group boosted their target price on 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. CIBC increased their price target on 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. Scotiabank raised shares of Maple Leaf Foods to a “hold” rating in a research note on Tuesday, April 1st. Finally, Royal Bank of Canada raised their target price on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$31.08.

Maple Leaf Foods Price Performance

The company has a 50 day moving average price of C$24.17 and a 200 day moving average price of C$22.56. The firm has a market cap of C$3.08 billion, a PE ratio of 90.78, a price-to-earnings-growth 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.

Maple Leaf Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.22. Maple Leaf Foods’s payout ratio is 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.