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

Shares of Maple Leaf Foods Inc. (TSE:MFI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$29.61 and traded as low as C$25.00. Maple Leaf Foods shares last traded at C$25.11, with a volume of 92,637 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on MFI. TD Securities reduced their price target on shares of Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating for the company in a report on Thursday, November 6th. National Bankshares reduced their target price on shares of Maple Leaf Foods from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. BMO Capital Markets decreased their target price on Maple Leaf Foods from C$35.00 to C$33.00 in a research report on Thursday, November 6th. CIBC cut their price target on Maple Leaf Foods from C$36.00 to C$35.00 in a report on Thursday, November 6th. Finally, Scotiabank reduced their price objective on Maple Leaf Foods from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$35.44.

Maple Leaf Foods Stock Performance

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$3.13 billion, a P/E ratio of 15.50, a PEG ratio of 18.07 and a beta of 0.53. The stock’s 50 day moving average is C$25.80 and its two-hundred day moving average is C$29.61.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.49 EPS for the quarter. The firm had revenue of C$1.01 billion during the quarter. Maple Leaf Foods had a net margin of 0.70% and a return on equity of 2.19%. As a group, equities analysts predict that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current year.

Maple Leaf Foods Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, December 10th. Maple Leaf Foods’s dividend payout ratio (DPR) is 58.02%.

About Maple Leaf Foods

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.