Maple Leaf Foods (TSE:MFI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Maple Leaf Foods Inc. (TSE:MFI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$27.47 and traded as high as C$30.19. Maple Leaf Foods shares last traded at C$30.00, with a volume of 265,612 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. National Bank Financial lifted their target price on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Scotiabank upgraded Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Finally, Stifel Nicolaus increased their price target on Maple Leaf Foods from C$32.00 to C$35.00 and gave the stock a “buy” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$34.57.

Maple Leaf Foods Stock Performance

The stock’s 50-day moving average is C$27.71 and its 200 day moving average is C$27.47. The stock has a market cap of C$3.73 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 18.07 and a beta of 0.75. The company has a debt-to-equity ratio of 93.30, a current ratio of 1.29 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.32 EPS for the quarter. Maple Leaf Foods had a return on equity of 35.43% and a net margin of 11.76%.The business had revenue of C$991.24 million during the quarter. As a group, analysts predict that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.21 per share. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.8%. Maple Leaf Foods’s dividend payout ratio is presently 21.41%.

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. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.