Maple Leaf Foods Inc. (TSE:MFI) Receives Consensus Rating of “Buy” from Brokerages

Maple Leaf Foods Inc. (TSE:MFI) has received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is C$30.19.

Several research firms recently commented on MFI. TD Securities reduced their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Canaccord Genuity Group boosted their price objective on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, National Bankshares lowered their target price on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th.

Maple Leaf Foods Stock Performance

Shares of MFI opened at C$21.32 on Friday. Maple Leaf Foods has a 52-week low of C$19.61 and a 52-week high of C$26.20. The stock’s 50-day simple moving average is C$21.26 and its 200 day simple moving average is C$22.19. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32. The stock has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 236.89, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Friday, December 6th. Maple Leaf Foods’s dividend payout ratio (DPR) is currently 977.78%.

Insiders Place Their Bets

In other news, Director Linda Mantia purchased 4,498 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. Company insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

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.