Maple Leaf Foods Inc. (TSE:MFI) Receives C$30.07 Average Target Price from Analysts

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$30.07.

A number of analysts have recently weighed in on MFI shares. Scotiabank dropped their target price on shares of Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating for the company in a report on Friday, May 3rd. National Bankshares set a C$29.00 target price on shares of Maple Leaf Foods and gave the company an “outperform” rating in a research note on Monday, April 22nd. Finally, CIBC decreased their target price on shares of Maple Leaf Foods from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd.

Maple Leaf Foods Trading Up 0.5 %

TSE:MFI opened at C$22.92 on Thursday. Maple Leaf Foods has a 12 month low of C$21.52 and a 12 month high of C$31.63. The stock has a market capitalization of C$2.81 billion, a price-to-earnings ratio of -176.31, a PEG ratio of 18.07 and a beta of 0.45. The firm has a fifty day simple moving average of C$23.34 and a two-hundred day simple moving average of C$24.13. The company has a current ratio of 1.22, a quick ratio of 0.54 and a debt-to-equity ratio of 136.74.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.04 EPS for the quarter. Maple Leaf Foods had a negative return on equity of 1.00% and a negative net margin of 0.32%. The business had revenue of C$1.15 billion for the quarter. Analysts expect that Maple Leaf Foods will post 0.7709368 EPS for the current fiscal year.

Maple Leaf Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.84%. Maple Leaf Foods’s dividend payout ratio is presently -676.92%.

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.