Maple Leaf Foods Inc. (TSE:MFI) Receives C$30.75 Average Target Price from Analysts

Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six research firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$30.75.

Several equities analysts recently issued reports on the company. CIBC decreased their price objective on Maple Leaf Foods from C$36.00 to C$32.00 and set an "outperform" rating for the company in a research report on Friday, February 23rd. Canaccord Genuity Group decreased their price objective on Maple Leaf Foods from C$35.00 to C$30.00 and set a "buy" rating for the company in a research report on Friday, February 23rd. Scotiabank decreased their price objective on Maple Leaf Foods from C$37.50 to C$33.50 and set an "outperform" rating for the company in a research report on Friday, February 23rd. Royal Bank of Canada decreased their price objective on Maple Leaf Foods from C$32.00 to C$29.00 and set an "outperform" rating for the company in a research report on Friday, February 23rd. Finally, BMO Capital Markets decreased their price objective on Maple Leaf Foods from C$31.00 to C$29.00 in a research report on Friday, February 23rd.

Maple Leaf Foods Trading Up 0.1 %

Shares of Maple Leaf Foods stock traded up C$0.03 during trading on Friday, hitting C$22.69. 193,607 shares of the company were exchanged, compared to its average volume of 178,144. The firm has a market capitalization of C$2.78 billion, a P/E ratio of -22.03, a price-to-earnings-growth ratio of 18.07 and a beta of 0.49. Maple Leaf Foods has a 1-year low of C$21.52 and a 1-year high of C$31.63. The firm's fifty day moving average price is C$23.85 and its 200 day moving average price is C$24.93. The company has a debt-to-equity ratio of 140.69, a current ratio of 1.17 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported C$0.08 earnings per share (EPS) for the quarter. The company had revenue of C$1.19 billion during the quarter. Maple Leaf Foods had a negative return on equity of 7.86% and a negative net margin of 2.57%. As a group, sell-side analysts expect that Maple Leaf Foods will post 0.9354965 earnings per share for the current fiscal year.

Maple Leaf Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were paid a $0.22 dividend. This is a boost from Maple Leaf Foods's previous quarterly dividend of $0.21. The ex-dividend date was Thursday, March 7th. This represents a $0.88 annualized dividend and a yield of 3.88%. Maple Leaf Foods's payout ratio is presently -85.44%.

About Maple Leaf Foods

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.