Maple Leaf Foods Inc. (TSE:MFI) Receives C$31.80 Average PT from Analysts

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) has received a consensus rating of "Buy" from the seven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$31.80.

A number of research analysts have issued reports on MFI shares. National Bankshares upped their target price on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Scotiabank upgraded shares of Maple Leaf Foods to a "hold" rating in a report on Tuesday, April 1st. CIBC upped their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. TD Securities upped their target price on shares of Maple Leaf Foods from C$34.00 to C$38.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Stifel Canada upgraded shares of Maple Leaf Foods to a "strong-buy" rating in a report on Monday, June 2nd.

Maple Leaf Foods Price Performance

TSE MFI traded down C$0.18 during trading hours on Thursday, reaching C$27.88. The company's stock had a trading volume of 187,455 shares, compared to its average volume of 225,694. The stock has a market cap of C$3.49 billion, a PE ratio of 102.89, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a fifty-two week low of C$19.61 and a fifty-two week high of C$28.49. The company's 50-day moving average is C$25.89 and its two-hundred day moving average is C$23.70. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26.

Maple Leaf Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, June 6th. This represents a $0.96 annualized dividend and a dividend yield of 3.44%. Maple Leaf Foods's payout ratio is currently 324.76%.

Insider Transactions at Maple Leaf Foods

In other news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of C$26.33, for a total transaction of C$94,788.00. Following the transaction, the insider now directly owns 28 shares in the company, valued at C$737.24. This represents a 99.23% decrease in their position. Insiders own 39.87% of the company's stock.

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.