Maple Leaf Foods Inc. (TSE:MFI) Receives C$36.33 Consensus Target Price from Analysts

Maple Leaf Foods Inc. (TSE:MFI) has been assigned an average recommendation of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$36.33.

MFI has been the subject of a number of recent analyst reports. National Bank Financial upped their price target on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Stifel Nicolaus upped their price target on shares of Maple Leaf Foods from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. TD Securities upgraded shares of Maple Leaf Foods to a “strong-buy” rating in a research report on Monday, June 22nd. Desjardins set a C$39.00 price target on shares of Maple Leaf Foods and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Ventum Financial set a C$37.00 price target on shares of Maple Leaf Foods and gave the stock a “buy” rating in a research report on Wednesday, April 22nd.

Insider Transactions at Maple Leaf Foods

In related news, Director Jonathan Wallace Ferguson Mccain bought 7,500 shares of the stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of C$27.92 per share, with a total value of C$209,400.00. Following the completion of the acquisition, the director owned 148,000 shares of the company’s stock, valued at C$4,132,160. This represents a 5.34% increase in their ownership of the stock. Also, Director Curtis Eugene Frank sold 96,191 shares of the business’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$29.25, for a total transaction of C$2,813,586.75. Following the completion of the transaction, the director directly owned 101,469 shares in the company, valued at C$2,967,968.25. This trade represents a 48.66% decrease in their position. In the last three months, insiders have bought 12,500 shares of company stock valued at $350,102 and have sold 142,699 shares valued at $4,176,580. 39.87% of the stock is owned by corporate insiders.

Maple Leaf Foods Stock Performance

MFI opened at C$31.26 on Monday. The firm has a market cap of C$3.89 billion, a P/E ratio of 7.43, a PEG ratio of 18.07 and a beta of 0.35. Maple Leaf Foods has a 1-year low of C$23.35 and a 1-year high of C$36.35. The company has a 50 day simple moving average of C$29.81 and a two-hundred day simple moving average of C$28.09. The company has a debt-to-equity ratio of 91.78, a current ratio of 1.34 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. The business had revenue of C$962.85 million during the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. Equities analysts forecast that Maple Leaf Foods will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 8th. Maple Leaf Foods’s payout ratio is 20.90%.

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. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.