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

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.88 and traded as high as C$27.00. Maple Leaf Foods shares last traded at C$26.10, with a volume of 449,143 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MFI shares. Scotiabank raised shares of Maple Leaf Foods to a "hold" rating in a research report on Tuesday, April 1st. Royal Bank of Canada lifted their price target 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. TD Securities lifted their price target on shares of Maple Leaf Foods from C$34.00 to C$38.00 and gave the company a "buy" rating in a research note on Friday, May 9th. National Bankshares lifted their price target on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, CIBC lifted their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$31.80.

Maple Leaf Foods Stock Down 3.3%

The firm has a market cap of C$3.27 billion, a P/E ratio of 96.32, 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 firm's fifty day moving average is C$24.75 and its 200 day moving average is C$22.88.

Maple Leaf Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.68%. 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. Maple Leaf Foods's dividend payout ratio 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.

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