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

Maple Leaf Foods Inc. (TSE:MFI) has been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$31.08.

A number of research analysts recently weighed in on MFI shares. Canaccord Genuity Group lifted their price objective on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Monday, January 13th. CIBC raised their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Royal Bank of Canada raised their price target on shares of 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. National Bankshares raised their price target on shares of 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, TD Securities cut their price target on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

Maple Leaf Foods Stock Down 0.9 %

Maple Leaf Foods stock opened at C$25.22 on Tuesday. Maple Leaf Foods has a 1-year low of C$19.61 and a 1-year high of C$26.10. The firm has a market capitalization of C$3.16 billion, a price-to-earnings ratio of 93.07, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. The firm has a 50 day simple moving average of C$21.53 and a 200 day simple moving average of C$21.98.

Maple Leaf Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.24 per share. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, March 7th. Maple Leaf Foods’s payout ratio is currently 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.