Maple Leaf Foods Inc. (TSE:MFI) Receives C$31.08 Consensus PT from Analysts

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$31.08.

A number of equities analysts have issued reports on the company. CIBC raised their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Canaccord Genuity Group raised their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Scotiabank upgraded Maple Leaf Foods to a “hold” rating in a report on Tuesday, April 1st. National Bankshares lifted their price objective on Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada lifted their price objective on Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th.

Maple Leaf Foods Price Performance

Shares of MFI opened at C$24.49 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. Maple Leaf Foods has a 1 year low of C$19.61 and a 1 year high of C$26.10. The stock has a market cap of C$3.07 billion, a P/E ratio of 90.38, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The stock’s 50-day moving average price is C$24.56 and its two-hundred day moving average price is C$22.67.

Maple Leaf Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 7th. This represents a $0.96 dividend on an annualized basis and a yield of 3.92%. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.22. 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.