Maple Leaf Foods (TSE:MFI) Stock Price Passes Above 200 Day Moving Average of $25.43

Maple Leaf Foods Inc. (TSE:MFI – Get Rating)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$25.43 and traded as high as C$27.18. Maple Leaf Foods shares last traded at C$26.99, with a volume of 143,125 shares traded.

Wall Street Analysts Forecast Growth

MFI has been the subject of several recent analyst reports. Scotiabank increased their price target on Maple Leaf Foods from C$30.00 to C$33.00 in a report on Monday, May 1st. Canaccord Genuity Group reduced their price target on Maple Leaf Foods from C$31.00 to C$27.00 in a research report on Friday, March 10th. Finally, BMO Capital Markets increased their price target on Maple Leaf Foods from C$26.00 to C$27.00 in a research report on Monday, April 24th.

Maple Leaf Foods Stock Performance

The firm has a market capitalization of C$3.30 billion, a price-to-earnings ratio of -11.11, a PEG ratio of 18.07 and a beta of 0.56. The company has a fifty day moving average of C$26.21 and a two-hundred day moving average of C$25.43. The company has a debt-to-equity ratio of 114.41, a quick ratio of 0.54 and a current ratio of 1.65.

Maple Leaf Foods (TSE:MFI – Get Rating) last issued its quarterly earnings results on Thursday, March 9th. The company reported C($0.28) earnings per share (EPS) for the quarter. The firm had revenue of C$1.19 billion during the quarter. As a group, equities research analysts predict that Maple Leaf Foods Inc. will post 0.6309751 earnings per share for the current fiscal year.

Maple Leaf Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.84 annualized dividend and a dividend yield of 3.11%. Maple Leaf Foods’s payout ratio is -34.57%.

About Maple Leaf Foods

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Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, snacks kits, fresh pork and poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Schneiders, Greenfield Natural Meat Co, Swift, Prime, Maple Leaf Natural Selections, Mina, Big Stick, Cappola, Deli Express, Field Roast Grain Meat Co, Holiday, Hygrade, Larsen, Lightlife, Lunch Mate, Main Street Deli, Maple Leaf Foodservice, Mitchell's, Olympic Craft Meats, Parma, Shopsy's, Sunrise, and Swift.