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

Key Points

• Maple Leaf Foods Inc. has received a consensus rating of "Buy" from eight different brokerage firms, with one strong buy and six buy ratings.
• The average 12-month price target for Maple Leaf Foods is C$37.36, with recent increases from several analysts including TD Securities raising it to C$42.00.
• The company recently paid a quarterly dividend of $0.24 per share, which results in an annualized dividend yield of 2.7%.

Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) have been given a consensus rating of "Buy" by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$37.36.

MFI has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price target on Maple Leaf Foods from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. National Bankshares lifted their target price on Maple Leaf Foods from C$31.00 to C$36.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Stifel Canada raised Maple Leaf Foods to a "strong-buy" rating in a report on Monday, June 2nd. CIBC lifted their price target on Maple Leaf Foods from C$32.00 to C$38.00 in a report on Wednesday, July 16th. Finally, Stifel Nicolaus lifted their price objective on Maple Leaf Foods from C$36.50 to C$40.50 and gave the company a "buy" rating in a report on Friday, August 8th.

Maple Leaf Foods Stock Up 0.5%

Maple Leaf Foods stock traded up C$0.18 during midday trading on Tuesday, reaching C$35.99. The stock had a trading volume of 359,645 shares, compared to its average volume of 219,128. The firm's fifty day simple moving average is C$31.00 and its 200-day simple moving average is C$27.21. Maple Leaf Foods has a 1-year low of C$19.61 and a 1-year high of C$36.35. The stock has a market capitalization of C$4.50 billion, a P/E ratio of 132.82, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 dividend yield of 2.7%. Maple Leaf Foods's payout ratio is 324.76%.

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.