Analysts Set Maple Leaf Foods Inc. (TSE:MFI) Price Target at C$36.69

Shares of Maple Leaf Foods Inc. (TSE:MFI) have received a consensus rating of “Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$36.69.

Several analysts have commented on MFI shares. TD Securities decreased their target price on shares of Maple Leaf Foods from C$47.00 to C$43.00 and set a “buy” rating for the company in a research report on Thursday, October 2nd. Royal Bank Of Canada decreased their target price on shares of Maple Leaf Foods from C$38.00 to C$34.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. BMO Capital Markets set a C$35.00 target price on shares of Maple Leaf Foods and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Scotiabank decreased their target price on shares of Maple Leaf Foods from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 8th. Finally, CIBC boosted their target price on shares of Maple Leaf Foods from C$32.00 to C$38.00 in a research report on Wednesday, July 16th.

Maple Leaf Foods Stock Performance

MFI stock opened at C$28.29 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The company has a market capitalization of C$3.53 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 18.07 and a beta of 0.70. Maple Leaf Foods has a 12 month low of C$19.61 and a 12 month high of C$36.35. The firm has a 50 day moving average of C$33.56 and a two-hundred day moving average of C$29.57.

Maple Leaf Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, September 5th. Maple Leaf Foods’s dividend payout ratio is currently 63.89%.

Insider Buying and Selling at Maple Leaf Foods

In related news, insider Andreas Liris sold 1,000 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of C$34.77, for a total transaction of C$34,770.00. Following the completion of the sale, the insider directly owned 14,001 shares of the company’s stock, valued at approximately C$486,814.77. This represents a 6.67% decrease in their position. Also, insider Olajumoke Fagbemi acquired 2,651 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average cost of C$35.71 per share, with a total value of C$94,665.62. Following the completion of the acquisition, the insider owned 2,679 shares in the company, valued at C$95,665.48. This trade represents a 9,467.86% increase in their position. 39.87% of the stock is currently owned by corporate insiders.

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.