Maple Leaf Foods (TSE:MFI) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Maple Leaf Foods Inc. (TSE:MFI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.88 and traded as high as C$27.00. Maple Leaf Foods shares last traded at C$26.10, with a volume of 449,143 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. TD Securities upped their price target on shares of Maple Leaf Foods from C$34.00 to C$38.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Scotiabank upgraded shares of Maple Leaf Foods to a “hold” rating in a research report on Tuesday, April 1st. National Bankshares upped their price target 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. Finally, CIBC increased their price objective on shares of 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$31.80.

Maple Leaf Foods Price Performance

The business’s fifty day moving average is C$24.75 and its 200-day moving average is C$22.88. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. The firm has a market cap of C$3.27 billion, a PE ratio of 96.32, a P/E/G ratio of 18.07 and a beta of 0.47.

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 $0.24 dividend. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 7th. This represents a $0.96 annualized dividend and a dividend yield of 3.68%. Maple Leaf Foods’s dividend payout ratio (DPR) 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.