Maple Leaf Foods (TSE:MFI) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Maple Leaf Foods Inc. (TSE:MFI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$27.55 and traded as high as C$36.01. Maple Leaf Foods shares last traded at C$35.13, with a volume of 233,620 shares traded.

Analysts Set New Price Targets

Several research firms have recently weighed in on MFI. Royal Bank Of Canada upped their price target on shares of Maple Leaf Foods from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. National Bankshares upped their price target on shares of Maple Leaf Foods from C$31.00 to C$36.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Stifel Canada raised shares of Maple Leaf Foods to a “strong-buy” rating in a report on Monday, June 2nd. Scotiabank upped their price target on shares of Maple Leaf Foods from C$30.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th. Finally, CIBC upped their target price on shares of Maple Leaf Foods from C$32.00 to C$38.00 in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Maple Leaf Foods presently has an average rating of “Buy” and an average price target of C$37.36.

Maple Leaf Foods Price Performance

The firm’s 50-day moving average is C$31.45 and its 200-day moving average is C$27.55. The company has a market capitalization of C$4.35 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 18.07 and a beta of 0.77. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19.

Maple Leaf Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, September 5th. Maple Leaf Foods’s dividend payout ratio (DPR) is 63.89%.

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.