Maple Leaf Foods Inc. (TSE:MFI) Given Consensus Rating of “Buy” by Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI) have earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$35.56.

A number of research analysts have weighed in on the stock. CIBC cut their price target on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Thursday, November 6th. Stifel Nicolaus raised their price objective on shares of Maple Leaf Foods from C$36.50 to C$40.50 and gave the stock a “buy” rating in a report on Friday, August 8th. National Bankshares reduced their target price on shares of Maple Leaf Foods from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. BMO Capital Markets lowered their target price on Maple Leaf Foods from C$35.00 to C$33.00 in a report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price target on Maple Leaf Foods from C$38.00 to C$34.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th.

Maple Leaf Foods Trading Up 1.0%

TSE MFI opened at C$24.15 on Friday. The firm has a market cap of C$3.01 billion, a P/E ratio of 14.91, a P/E/G ratio of 18.07 and a beta of 0.79. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. The stock’s 50-day moving average is C$30.19 and its 200-day moving average is C$29.85. Maple Leaf Foods has a one year low of C$19.61 and a one year high of C$36.35.

Maple Leaf Foods (TSE:MFI) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.18 earnings per share (EPS) for the quarter. Maple Leaf Foods had a return on equity of 2.19% and a net margin of 0.70%.The business had revenue of C$1.01 billion during the quarter. Sell-side analysts anticipate that Maple Leaf Foods will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were paid a $0.24 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.96 annualized dividend and a yield of 4.0%. Maple Leaf Foods’s payout ratio is presently 58.02%.

Insiders Place Their Bets

In other Maple Leaf Foods news, insider Olajumoke Fagbemi purchased 2,651 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was bought at an average cost of C$35.71 per share, with a total value of C$94,665.62. Following the purchase, the insider directly owned 2,679 shares of the company’s stock, valued at C$95,665.48. The trade was a 9,467.86% increase in their ownership of the stock. 39.87% of the stock is currently owned by company insiders.

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.