Maple Leaf Foods (TSE:MFI) Share Price Passes Above 200-Day Moving Average - Here's What Happened

Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$22.75 and traded as high as C$25.22. Maple Leaf Foods shares last traded at C$25.17, with a volume of 103,232 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MFI shares. National Bankshares increased their price objective on shares of 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. Scotiabank upgraded shares of Maple Leaf Foods to a "hold" rating in a research note on Tuesday, April 1st. Canaccord Genuity Group upped their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a "buy" rating in a research report on Monday, January 13th. CIBC lifted their price target on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada increased their price objective on Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$31.00.

Maple Leaf Foods Price Performance

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 cap of C$3.15 billion, a PE ratio of 92.89, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The stock has a 50 day simple moving average of C$24.68 and a two-hundred day simple moving average of C$22.75.

Maple Leaf Foods Increases Dividend

The firm also recently announced 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 3.81%. This is an increase from Maple Leaf Foods's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 7th. 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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