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

Maple Leaf Foods Inc. (TSE:MFI) has been given a consensus recommendation of “Buy” by the six research firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$30.36.

Several equities analysts recently weighed in on the stock. CIBC decreased their target price on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. TD Securities decreased their price objective on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research report on Friday, August 9th. Finally, National Bankshares lowered their price objective on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a research note on Friday, August 9th.

Insider Activity

In related news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of Maple Leaf Foods stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total transaction of C$55,198.00. In other news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. Also, Senior Officer Iain William Stewart sold 5,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$22.90, for a total value of C$114,500.00. Insiders own 39.87% of the company’s stock.

Maple Leaf Foods Trading Up 1.3 %

Shares of TSE:MFI opened at C$21.34 on Wednesday. The company’s 50-day moving average price is C$22.11 and its two-hundred day moving average price is C$23.09. Maple Leaf Foods has a one year low of C$21.05 and a one year high of C$27.55. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54. The stock has a market capitalization of C$2.63 billion, a PE ratio of 237.11, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods (TSE:MFI) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.18 EPS for the quarter, beating the consensus estimate of C$0.17 by C$0.01. The firm had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.27 billion. Maple Leaf Foods had a return on equity of 0.75% and a net margin of 0.24%. On average, equities analysts forecast that Maple Leaf Foods will post 1.4334187 EPS for the current fiscal year.

Maple Leaf Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 4.12%. Maple Leaf Foods’s dividend payout ratio (DPR) is 977.78%.

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.