Maple Leaf Foods Inc. (TSE:MFI) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$31.80.

A number of analysts have recently weighed in on the stock. CIBC raised their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. National Bankshares raised their price objective on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Scotiabank raised shares of Maple Leaf Foods to a "hold" rating in a research report on Tuesday, April 1st. TD Securities increased their price target on shares of Maple Leaf Foods from C$34.00 to C$38.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Royal Bank of Canada boosted their price objective on Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th.

Maple Leaf Foods Trading Up 2.5%

TSE:MFI opened at C$26.76 on Friday. The stock has a market cap of C$3.35 billion, a price-to-earnings ratio of 98.76, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a one year low of C$19.61 and a one year high of C$27.98. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26. The business's 50-day simple moving average is C$24.85 and its 200 day simple moving average is C$23.01.

Maple Leaf Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a dividend of $0.24 per share. This is a positive change from Maple Leaf Foods's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.96 annualized dividend and a yield of 3.59%. Maple Leaf Foods's dividend payout ratio is 324.76%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.