Analysts Set Maple Leaf Foods Inc. (TSE:MFI) PT at C$30.36

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been given a consensus rating of “Buy” by the six analysts that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$30.36.

Several research analysts have issued reports on MFI shares. National Bankshares dropped their target price on Maple Leaf Foods from C$29.00 to C$28.00 in a research report on Friday, August 9th. TD Securities decreased their price target on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Friday, August 9th. Finally, CIBC decreased their price target on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th.

Maple Leaf Foods Stock Performance

The company’s 50-day simple moving average is C$23.56 and its 200 day simple moving average is C$23.34. The company has a market cap of C$2.70 billion, a P/E ratio of 243.78, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 12 month low of C$21.15 and a 12 month high of C$28.33. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Thursday, August 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.01. The company had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. Maple Leaf Foods had a return on equity of 0.75% and a net margin of 0.24%. Equities research analysts predict that Maple Leaf Foods will post 1.4796531 earnings per share for the current year.

Maple Leaf Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of ∞. Maple Leaf Foods’s dividend payout ratio is presently 977.78%.

Insiders Place Their Bets

In other Maple Leaf Foods news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total value of C$55,198.00. In other Maple Leaf Foods news, Senior Officer Iain William Stewart sold 5,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$22.90, for a total value of C$114,500.00. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. Insiders own 39.98% of the company’s stock.

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.