Maple Leaf Foods Inc. (TSE:MFI) Receives C$30.07 Consensus Price Target from Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$30.07.

A number of equities research analysts have recently commented on the stock. National Bankshares set a C$29.00 price target on shares of Maple Leaf Foods and gave the stock an “outperform” rating in a report on Monday, April 22nd. CIBC lowered their target price on shares of Maple Leaf Foods from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, Scotiabank cut their price target on Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating for the company in a report on Friday, May 3rd.

Maple Leaf Foods Stock Performance

Maple Leaf Foods stock opened at C$22.92 on Thursday. Maple Leaf Foods has a fifty-two week low of C$21.52 and a fifty-two week high of C$31.63. The company has a market capitalization of C$2.81 billion, a price-to-earnings ratio of -176.31, a PEG ratio of 18.07 and a beta of 0.45. The stock has a fifty day moving average of C$23.32 and a two-hundred day moving average of C$24.10. The company has a debt-to-equity ratio of 136.74, a quick ratio of 0.54 and a current ratio of 1.22.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.04 EPS for the quarter. Maple Leaf Foods had a negative return on equity of 1.00% and a negative net margin of 0.32%. The firm had revenue of C$1.15 billion during the quarter. On average, analysts anticipate that Maple Leaf Foods will post 0.7709368 EPS for the current fiscal year.

Maple Leaf Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Thursday, June 6th. Maple Leaf Foods’s dividend payout ratio is currently -676.92%.

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.