Maple Leaf Foods Inc. (TSE:MFI) Receives C$33.60 Consensus Price Target from Brokerages

Key Points

• Consensus Rating: Maple Leaf Foods has received an average recommendation of "Buy" from seven analysts, with one hold, five buy, and one strong buy ratings.
• Price Targets: CIBC and TD Securities have raised their price targets for the stock, now set at C$38.00 and C$41.00 respectively.
• Dividend Details: The company declared a quarterly dividend of $0.24 per share, representing an annualized dividend yield of 3.3%.

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) has been given a consensus rating of "Buy" by the seven research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating 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$34.60.

Several research analysts have weighed in on MFI shares. TD Securities increased their price objective on Maple Leaf Foods from C$38.00 to C$41.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Royal Bank Of Canada increased their target price on Maple Leaf Foods from C$33.00 to C$35.00 and gave the stock an "outperform" rating in a report on Friday. Stifel Canada raised Maple Leaf Foods to a "strong-buy" rating in a research note on Monday, June 2nd. Finally, CIBC increased their target price on Maple Leaf Foods from C$32.00 to C$38.00 in a research report on Wednesday, July 16th.

Maple Leaf Foods Stock Performance

MFI stock traded down C$0.31 during trading hours on Friday, hitting C$28.93. 232,679 shares of the stock were exchanged, compared to its average volume of 205,727. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. The firm has a market capitalization of C$3.62 billion, a P/E ratio of 106.76, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a 50-day simple moving average of C$28.62 and a two-hundred day simple moving average of C$25.63. Maple Leaf Foods has a 12 month low of C$19.61 and a 12 month high of C$30.70.

Maple Leaf Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.96 dividend on an annualized basis and a yield of 3.3%. Maple Leaf Foods's dividend payout ratio is 324.76%.

Insider Transactions at Maple Leaf Foods

In related news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of C$26.33, for a total transaction of C$94,788.00. Following the sale, the insider owned 28 shares of the company's stock, valued at approximately C$737.24. This represents a 99.23% decrease in their position. Company 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.