Maple Leaf Foods (TSE:MFI) Hits New 12-Month High on Analyst Upgrade

Maple Leaf Foods Inc. (TSE:MFI)’s stock price reached a new 52-week high on Wednesday after Royal Bank of Canada raised their price target on the stock from C$29.00 to C$30.00. Royal Bank of Canada currently has an outperform rating on the stock. Maple Leaf Foods traded as high as C$25.82 and last traded at C$25.55, with a volume of 571071 shares changing hands. The stock had previously closed at C$24.57.

A number of other research firms have also weighed in on MFI. National Bankshares raised their price objective on Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday. CIBC raised their price target on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday. Canaccord Genuity Group raised their price objective on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, TD Securities dropped their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$31.08.

Maple Leaf Foods Stock Up 4.7 %

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 firm has a market cap of C$3.22 billion, a PE ratio of 94.92, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The business has a 50-day moving average price of C$21.12 and a two-hundred day moving average price of C$21.97.

Maple Leaf Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.42%. 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.