Maple Leaf Foods Inc. (TSE:MFI) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts maintain a bullish outlook: Maple Leaf Foods has a consensus “Buy” rating, with 11 buy recommendations and one strong-buy rating. The average 12-month price target is C$36.33.
• Several brokerages recently adjusted their targets, including National Bank Financial to C$34 and Ventum Financial to C$37, while maintaining positive ratings.
• Maple Leaf Foods reported quarterly revenue of C$1.02 billion and earnings of C$0.44 per share. The company also announced a quarterly dividend of C$0.21 per share, equivalent to an annualized yield of about 3.2%.

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) has earned a consensus rating of "Buy" from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$36.33.

A number of brokerages have recently weighed in on MFI. National Bank Financial cut their target price on Maple Leaf Foods from C$36.00 to C$34.00 and set an "outperform" rating on the stock in a research note on Thursday, August 13th. Ventum Financial dropped their price target on Maple Leaf Foods from C$39.00 to C$37.00 and set a "buy" rating on the stock in a report on Thursday, August 13th. Stifel Nicolaus set a C$36.00 price objective on Maple Leaf Foods and gave the stock a "buy" rating in a research report on Thursday, July 9th. Royal Bank Of Canada upped their price objective on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an "outperform" rating in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce set a C$36.00 target price on Maple Leaf Foods and gave the company an "outperformer" rating in a research report on Monday, July 27th.

Maple Leaf Foods Stock Performance

TSE MFI opened at C$26.55 on Friday. Maple Leaf Foods has a 1 year low of C$23.35 and a 1 year high of C$36.31. The company has a debt-to-equity ratio of 97.47, a current ratio of 1.56 and a quick ratio of 0.54. The firm has a market cap of C$3.30 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 18.07 and a beta of 0.32. The company has a fifty day moving average price of C$28.37 and a 200-day moving average price of C$29.03.

Maple Leaf Foods (TSE:MFI - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. The company had revenue of C$1.02 billion for the quarter. As a group, equities research analysts predict that Maple Leaf Foods will post 1.4334187 EPS for the current fiscal year.

Maple Leaf Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, September 8th. Maple Leaf Foods's dividend payout ratio (DPR) is 20.88%.

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.

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