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

Maple Leaf Foods logo with Consumer Defensive background

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) has been assigned an average recommendation of "Buy" from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$31.80.

A number of research analysts have commented on the stock. TD Securities raised 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 note on Friday, May 9th. Scotiabank upgraded shares of Maple Leaf Foods to a "hold" rating in a research note on Tuesday, April 1st. Finally, Stifel Canada upgraded shares of Maple Leaf Foods to a "strong-buy" rating in a research note on Monday, June 2nd.

Get Our Latest Stock Report on MFI

Insider Activity

In other news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of C$26.33, for a total value of C$94,788.00. Following the completion of the transaction, the insider owned 28 shares in the company, valued at approximately C$737.24. The trade was a 99.23% decrease in their ownership of the stock. Company insiders own 39.87% of the company's stock.

Maple Leaf Foods Stock Performance

MFI stock traded down C$0.03 during trading on Monday, reaching C$29.58. 93,391 shares of the stock were exchanged, compared to its average volume of 212,246. Maple Leaf Foods has a twelve month low of C$19.61 and a twelve month high of C$29.92. The company has a market capitalization of C$3.70 billion, a P/E ratio of 109.16, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The stock has a 50 day simple moving average of C$27.50 and a 200-day simple moving average of C$24.54. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Friday, June 6th. Maple Leaf Foods's dividend payout ratio (DPR) is currently 324.76%.

Maple Leaf Foods Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Maple Leaf Foods (TSE:MFI)

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