Maple Leaf Foods (TSE:MFI) Price Target Lowered to C$31.00 at BMO Capital Markets

Maple Leaf Foods (TSE:MFIGet Rating) had its target price reduced by BMO Capital Markets from C$36.00 to C$31.00 in a research report released on Friday, BayStreet.CA reports.

MFI has been the subject of a number of other research reports. CIBC reduced their target price on Maple Leaf Foods from C$41.00 to C$35.00 and set an outperform rating for the company in a report on Friday. Scotiabank reduced their target price on Maple Leaf Foods from C$40.00 to C$34.00 in a report on Friday. Finally, Royal Bank of Canada reduced their target price on Maple Leaf Foods from C$43.00 to C$42.00 and set an outperform rating for the company in a report on Thursday, April 28th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Buy and an average target price of C$35.00.

Maple Leaf Foods Stock Performance

TSE:MFI opened at C$21.88 on Friday. The firm’s fifty day moving average price is C$26.14 and its 200 day moving average price is C$28.08. Maple Leaf Foods has a 1-year low of C$21.60 and a 1-year high of C$32.60. The company has a debt-to-equity ratio of 73.88, a current ratio of 1.55 and a quick ratio of 0.48. The firm has a market cap of C$2.73 billion and a price-to-earnings ratio of 39.78.

Maple Leaf Foods (TSE:MFIGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$1.13 billion during the quarter. On average, sell-side analysts expect that Maple Leaf Foods will post 2.2000002 EPS for the current year.

Maple Leaf Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, September 7th. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 134.55%.

Insider Transactions at Maple Leaf Foods

In other news, Senior Officer Curtis Eugene Frank bought 3,218 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The stock was purchased at an average price of C$25.32 per share, with a total value of C$81,479.76. Following the purchase, the insider now owns 3,218 shares of the company’s stock, valued at approximately C$81,479.76. In related news, Senior Officer Bentley Andrew Brooks sold 9,997 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of C$27.40, for a total value of C$273,917.80. Following the completion of the transaction, the insider now owns 21,973 shares of the company’s stock, valued at approximately C$602,060.20. Also, Senior Officer Curtis Eugene Frank purchased 3,218 shares of the stock in a transaction on Thursday, June 30th. The stock was acquired at an average price of C$25.32 per share, with a total value of C$81,479.76. Following the acquisition, the insider now directly owns 3,218 shares in the company, valued at C$81,479.76.

Maple Leaf Foods Company Profile

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Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, snacks kits, fresh pork and poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Schneiders, Greenfield Natural Meat Co, Swift, Prime, Maple Leaf Natural Selections, Mina, Big Stick, Cappola, Deli Express, Field Roast Grain Meat Co, Holiday, Hygrade, Larsen, Lightlife, Lunch Mate, Main Street Deli, Maple Leaf Foodservice, Mitchell's, Olympic Craft Meats, Parma, Shopsy's, Sunrise, and Swift.

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Analyst Recommendations for Maple Leaf Foods (TSE:MFI)

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