Maple Leaf Foods Inc. (TSE:MFI) Receives C$31.08 Average PT from Analysts

Maple Leaf Foods Inc. (TSE:MFI) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$31.08.

A number of equities analysts have issued reports on MFI shares. Royal Bank of Canada raised their target price on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. TD Securities lowered their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Canaccord Genuity Group lifted their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. CIBC lifted their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, National Bankshares raised their price objective on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th.

Maple Leaf Foods Stock Performance

Shares of MFI stock opened at C$25.19 on Tuesday. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26. The company’s 50-day simple moving average is C$21.81 and its 200-day simple moving average is C$22.03. Maple Leaf Foods has a one year low of C$19.61 and a one year high of C$26.10. The stock has a market capitalization of C$3.15 billion, a price-to-earnings ratio of 92.96, a PEG ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.81%. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.22. Maple Leaf Foods’s dividend payout ratio (DPR) is 324.76%.

About Maple Leaf Foods

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.