Maple Leaf Foods (TSE:MFI – Free Report) had its price objective lowered by CIBC from C$32.00 to C$31.00 in a research note released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other analysts also recently issued reports on MFI. Canaccord Genuity Group decreased their price objective on shares of Maple Leaf Foods from C$35.00 to C$30.00 and set a buy rating for the company in a report on Friday, February 23rd. National Bankshares set a C$29.00 price objective on Maple Leaf Foods and gave the company an outperform rating in a research note on Monday, April 22nd. Royal Bank of Canada decreased their target price on Maple Leaf Foods from C$32.00 to C$29.00 and set an outperform rating for the company in a research report on Friday, February 23rd. Scotiabank dropped 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 research report on Friday, February 23rd. Finally, BMO Capital Markets lowered their price objective on Maple Leaf Foods from C$31.00 to C$29.00 in a research note on Friday, February 23rd. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of C$30.07.
Read Our Latest Report on Maple Leaf Foods
Maple Leaf Foods Stock Performance
Maple Leaf Foods (TSE:MFI – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.08 earnings per share for the quarter. The business 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%. As a group, equities research analysts predict that Maple Leaf Foods will post 0.994288 EPS for the current fiscal year.
Maple Leaf Foods Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.71%. Maple Leaf Foods’s dividend payout ratio (DPR) is currently -85.44%.
About Maple Leaf Foods
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.
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