Maple Leaf Foods (TSE:MFI) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Maple Leaf Foods Inc. (TSE:MFI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MFI. Canaccord Genuity Group increased 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. CIBC increased their target price on 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. 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 note on Wednesday, February 26th. Finally, Royal Bank of Canada upped their price objective on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$31.08.

Maple Leaf Foods Price Performance

The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. The stock has a market cap of C$3.12 billion, a PE ratio of 91.97, a PEG ratio of 18.07 and a beta of 0.47. The firm has a 50-day moving average of C$22.82 and a 200-day moving average of C$22.20.

Maple Leaf Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a $0.24 dividend. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.85%. 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.