Maple Leaf Foods Inc. (TSE:MFI) Receives C$30.36 Average Target Price from Brokerages

Maple Leaf Foods Inc. (TSE:MFI) has been given an average rating of “Buy” by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$30.36.

MFI has been the subject of several recent research reports. TD Securities lowered their price objective on Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Friday, August 9th. Scotiabank decreased their price target on shares of Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating for the company in a research report on Friday, May 3rd. National Bankshares dropped their price target on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a research note on Friday, August 9th. Finally, CIBC reduced their price objective on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th.

Maple Leaf Foods Trading Down 1.1 %

Shares of Maple Leaf Foods stock opened at C$22.70 on Friday. The firm’s 50 day moving average is C$23.70 and its 200 day moving average is C$23.70. The firm has a market capitalization of C$2.80 billion, a PE ratio of 252.22, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 1 year low of C$21.52 and a 1 year high of C$30.04. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Thursday, August 8th. The company reported C$0.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. Maple Leaf Foods had a net margin of 0.24% and a return on equity of 0.75%. The firm had revenue of C$1.26 billion for the quarter, compared to analysts’ expectations of C$1.27 billion. Equities research analysts forecast that Maple Leaf Foods will post 0.7794118 earnings per share for the current fiscal year.

Maple Leaf Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Friday, September 6th. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 977.78%.

Insider Buying and Selling

In other news, Senior Officer Iain William Stewart sold 5,000 shares of Maple Leaf Foods stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$22.90, for a total value of C$114,500.00. 39.98% of the stock is owned by insiders.

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.