Analysts Set Maple Leaf Foods Inc. (TSE:MFI) Target Price at C$30.36

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

Several equities analysts recently issued reports on the stock. TD Securities cut their price target on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a report on Friday, August 9th. National Bankshares lowered their price objective on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a research report on Friday, August 9th. Finally, CIBC lowered their price objective on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th.

Maple Leaf Foods Trading Up 2.3 %

Shares of MFI stock opened at C$22.12 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 market capitalization of C$2.72 billion, a P/E ratio of 245.78, a P/E/G ratio of 18.07 and a beta of 0.47. The firm has a 50-day moving average price of C$22.08 and a 200 day moving average price of C$23.07. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of C$1.27 billion. Research analysts forecast that Maple Leaf Foods will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Friday, September 6th. Maple Leaf Foods’s dividend payout ratio is 977.78%.

Insider Transactions at Maple Leaf Foods

In other news, Senior Officer Iain William Stewart sold 5,000 shares of Maple Leaf Foods 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 news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of Maple Leaf Foods stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total transaction of C$55,198.00. Also, Senior Officer Iain William Stewart sold 5,000 shares of the business’s 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. 39.87% of the stock is owned by corporate 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.