Maple Leaf Foods (TSE:MFI) Sets New 12-Month High - Should You Buy?

Key Points

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

Analysts Set New Price Targets

A number of brokerages have weighed in on MFI. Royal Bank Of Canada raised their price objective on Maple Leaf Foods from C$35.00 to C$38.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Scotiabank raised their price objective on Maple Leaf Foods from C$30.00 to C$35.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. 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 report on Friday, August 8th. TD Securities boosted their price target on shares of Maple Leaf Foods from C$41.00 to C$42.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, CIBC boosted their price target on shares of Maple Leaf Foods from C$32.00 to C$38.00 in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$37.36.

Maple Leaf Foods Trading Up 0.0%

The company's 50-day moving average is C$30.38 and its 200-day moving average is C$26.85. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The stock has a market capitalization of C$4.46 billion, a price-to-earnings ratio of 131.56, a PEG ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were given 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 yield of 2.7%. Maple Leaf Foods's dividend payout ratio is presently 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.