National Bankshares Analysts Give Maple Leaf Foods (TSE:MFI) a C$29.00 Price Target

National Bankshares set a C$29.00 target price on Maple Leaf Foods (TSE:MFI) in a research note published on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also commented on MFI. Canaccord Genuity Group dropped their price target on shares of Maple Leaf Foods from C$35.00 to C$30.00 and set a buy rating on the stock in a research report on Friday, February 23rd. CIBC dropped their price target on shares of Maple Leaf Foods from C$36.00 to C$32.00 and set an outperform rating on the stock in a research report on Friday, February 23rd. Royal Bank of Canada dropped their price target on shares of Maple Leaf Foods from C$32.00 to C$29.00 and set an outperform rating on the stock in a research report on Friday, February 23rd. TD Securities lowered shares of Maple Leaf Foods from an action list buy rating to a buy rating and dropped their price target for the company from C$40.00 to C$31.00 in a research report on Friday, February 23rd. Finally, Scotiabank dropped their target price on shares of Maple Leaf Foods from C$37.50 to C$33.50 and set an outperform rating on the stock in a research report on Friday, February 23rd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Maple Leaf Foods has an average rating of Buy and an average target price of C$30.50.

Maple Leaf Foods Price Performance

Shares of MFI opened at C$23.74 on Monday. The firm has a market cap of C$2.91 billion, a PE ratio of -23.05, a PEG ratio of 18.07 and a beta of 0.49. The firm’s 50 day moving average price is C$23.41 and its 200 day moving average price is C$24.79. The company has a debt-to-equity ratio of 140.69, a quick ratio of 0.54 and a current ratio of 1.17. Maple Leaf Foods has a twelve month low of C$21.52 and a twelve month high of C$31.63.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.08 EPS for the quarter. Maple Leaf Foods had a negative net margin of 2.57% and a negative return on equity of 7.86%. The company had revenue of C$1.19 billion for the quarter. As a group, research analysts expect that Maple Leaf Foods will post 0.9354965 EPS for the current fiscal year.

Maple Leaf Foods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a yield of 3.71%. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.21. Maple Leaf Foods’s payout ratio is -85.44%.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.