Maple Leaf Foods (TSE:MFI) Stock Crosses Below 200 Day Moving Average of $24.30

Shares of Maple Leaf Foods Inc. (TSE:MFIGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$24.30 and traded as low as C$22.56. Maple Leaf Foods shares last traded at C$22.85, with a volume of 121,881 shares traded.

Analyst Ratings Changes

MFI has been the topic of a number of recent analyst reports. CIBC decreased their target price on Maple Leaf Foods from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Scotiabank lowered their price objective on shares of Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating for the company in a research report on Friday, May 3rd. National Bankshares set a C$29.00 price objective on shares of Maple Leaf Foods and gave the company an “outperform” rating in a research note on Monday, April 22nd. TD Securities cut shares of Maple Leaf Foods from an “action list buy” rating to a “buy” rating and decreased their target price for the stock from C$40.00 to C$31.00 in a research note on Friday, February 23rd. Finally, Canaccord Genuity Group dropped their price target on Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$30.07.

View Our Latest Analysis on Maple Leaf Foods

Maple Leaf Foods Stock Up 0.4 %

The company has a quick ratio of 0.54, a current ratio of 1.22 and a debt-to-equity ratio of 136.74. The stock has a 50-day simple moving average of C$23.48 and a two-hundred day simple moving average of C$24.30. The firm has a market cap of C$2.81 billion, a PE ratio of -175.77, a P/E/G ratio of 18.07 and a beta of 0.45.

Maple Leaf Foods (TSE:MFIGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.04 earnings per share (EPS) for the quarter. Maple Leaf Foods had a negative return on equity of 1.00% and a negative net margin of 0.32%. The firm had revenue of C$1.15 billion for the quarter. Analysts expect that Maple Leaf Foods Inc. will post 0.7709368 earnings per share for the current year.

Maple Leaf Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, June 6th. Maple Leaf Foods’s dividend payout ratio is currently -676.92%.

Maple Leaf Foods Company Profile

(Get Free Report)

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.

Further Reading

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