Maple Leaf Foods Inc. (TSE:MFI) Receives C$30.75 Consensus Target Price from Analysts

Shares of Maple Leaf Foods Inc. (TSE:MFI) have earned a consensus rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$30.75.

A number of brokerages have recently weighed in on MFI. Canaccord Genuity Group lowered their price target on Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Royal Bank of Canada lowered their price target on Maple Leaf Foods from C$32.00 to C$29.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Scotiabank lowered their price target on Maple Leaf Foods from C$37.50 to C$33.50 and set an “outperform” rating on the stock in a report on Friday, February 23rd. TD Securities downgraded Maple Leaf Foods from an “action list buy” rating to a “buy” rating and lowered their price target for the company from C$40.00 to C$31.00 in a report on Friday, February 23rd. Finally, CIBC lowered their price target on Maple Leaf Foods from C$36.00 to C$32.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd.

Maple Leaf Foods Stock Up 1.0 %

Shares of Maple Leaf Foods stock opened at C$23.62 on Friday. The stock’s fifty day moving average is C$23.56 and its 200-day moving average is C$24.84. The firm has a market capitalization of C$2.89 billion, a PE ratio of -22.93, a price-to-earnings-growth ratio of 18.07 and a beta of 0.49. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 140.69. Maple Leaf Foods has a 12-month low of C$21.52 and a 12-month high of C$31.63.

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

Maple Leaf Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were paid a $0.22 dividend. 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 3.73%. This is an increase 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.