Maple Leaf Foods (TSE:MFI) Reaches New 1-Year High - Still a Buy?

Key Points

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Maple Leaf Foods Inc. (TSE:MFI - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$35.27 and last traded at C$35.23, with a volume of 425093 shares trading hands. The stock had previously closed at C$34.79.

Analyst Ratings Changes

MFI has been the subject of several recent analyst reports. TD Securities boosted their price objective on shares of Maple Leaf Foods from C$41.00 to C$42.00 and gave the company a "buy" rating in a research note on Friday, August 8th. National Bankshares boosted their price objective on shares of Maple Leaf Foods from C$31.00 to C$36.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. CIBC boosted their price target on shares of Maple Leaf Foods from C$32.00 to C$38.00 in a research note on Wednesday, July 16th. Stifel Nicolaus boosted their price target on shares of Maple Leaf Foods from C$36.50 to C$40.50 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Scotiabank boosted their price target on shares of Maple Leaf Foods from C$30.00 to C$35.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$37.36.

Maple Leaf Foods Stock Up 0.0%

The company has a market cap of C$4.46 billion, a PE ratio of 131.56, a PEG ratio of 18.07 and a beta of 0.47. The stock's 50 day moving average price is C$30.38 and its 200-day moving average price is C$26.89. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a $0.24 dividend. 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 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.