Maple Leaf Foods Inc. (TSE:MFI) Receives C$30.36 Average PT from Analysts

Maple Leaf Foods Inc. (TSE:MFI) has earned an average rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$30.36.

MFI has been the topic of several recent analyst reports. National Bankshares cut their price target on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a report on Friday, August 9th. CIBC reduced their price target on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. Finally, TD Securities lowered their price objective on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a report on Friday, August 9th.

Maple Leaf Foods Stock Up 1.3 %

MFI opened at C$21.34 on Wednesday. Maple Leaf Foods has a 12 month low of C$21.05 and a 12 month high of C$27.55. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The business’s 50-day moving average price is C$22.15 and its 200-day moving average price is C$23.10. The company has a market cap of C$2.63 billion, a P/E ratio of 234.00, a P/E/G ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Thursday, August 8th. The company reported C$0.18 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.01. The company had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. Maple Leaf Foods had a net margin of 0.24% and a return on equity of 0.75%. On average, equities analysts expect that Maple Leaf Foods will post 1.4334187 EPS for the current year.

Maple Leaf Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.22 per share. The ex-dividend date was Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 4.12%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 977.78%.

Insider Buying and Selling at Maple Leaf Foods

In related news, Senior Officer Iain William Stewart sold 5,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$22.90, for a total transaction of C$114,500.00. In other Maple Leaf Foods news, Senior Officer Iain William Stewart sold 5,000 shares of the 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. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total value of C$55,198.00. Company insiders own 39.87% of the company’s stock.

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.