Maple Leaf Foods Inc. (TSE:MFI) Receives C$35.93 Average Target Price from Brokerages

Maple Leaf Foods Inc. (TSE:MFI) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$35.93.

A number of research analysts recently weighed in on MFI shares. BMO Capital Markets lowered their target price on shares of Maple Leaf Foods from C$35.00 to C$33.00 in a research note on Thursday, November 6th. Scotiabank lowered their price objective on Maple Leaf Foods from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 8th. Royal Bank Of Canada set a C$33.00 target price on Maple Leaf Foods and gave the stock an “outperform” rating in a research report on Thursday, November 27th. TD Securities decreased their target price on Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, National Bankshares dropped their price target on Maple Leaf Foods from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th.

Maple Leaf Foods Trading Down 0.9%

Shares of TSE:MFI opened at C$25.31 on Friday. The stock has a 50 day moving average of C$25.22 and a 200 day moving average of C$29.11. The company has a market cap of C$3.16 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 18.07 and a beta of 0.50. Maple Leaf Foods has a 12-month low of C$20.47 and a 12-month high of C$36.35. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19.

Maple Leaf Foods (TSE:MFI) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.49 earnings per share for the quarter. The business had revenue of C$1.01 billion for the quarter. Maple Leaf Foods had a net margin of 0.70% and a return on equity of 2.19%. As a group, equities research analysts expect that Maple Leaf Foods will post 1.4334187 EPS for the current year.

Maple Leaf Foods Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, December 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.0%. Maple Leaf Foods’s dividend payout ratio is currently 58.02%.

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. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.