Maple Leaf Foods (TSE:MFI – Free Report) had its price target decreased by CIBC from C$32.00 to C$31.00 in a report issued on Friday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.
Other equities analysts also recently issued reports about the company. National Bankshares set a C$29.00 price target on Maple Leaf Foods and gave the stock an outperform rating in a research report on Monday, April 22nd. Royal Bank of Canada decreased their price objective on shares of 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. BMO Capital Markets cut their price target on shares of Maple Leaf Foods from C$31.00 to C$29.00 in a research note on Friday, February 23rd. TD Securities lowered Maple Leaf Foods from an action list buy rating to a buy rating and reduced their target price for the stock from C$40.00 to C$31.00 in a research note on Friday, February 23rd. Finally, Scotiabank cut their price objective on Maple Leaf Foods from C$37.50 to C$33.50 and set an outperform rating on the stock in a report on Friday, February 23rd. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of C$30.07.
Get Our Latest Analysis on Maple Leaf Foods
Maple Leaf Foods Price Performance
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 for the quarter. Maple Leaf Foods had a negative return on equity of 7.86% and a negative net margin of 2.57%. The company had revenue of C$1.19 billion during the quarter. On average, analysts predict that Maple Leaf Foods will post 0.994288 EPS for the current fiscal year.
Maple Leaf Foods Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.71%. Maple Leaf Foods’s payout ratio is -85.44%.
Maple Leaf Foods Company Profile
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.
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