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

Shares of Maple Leaf Foods Inc. (TSE:MFI) have earned a consensus rating of “Buy” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$36.33.

A number of brokerages have issued reports on MFI. Scotia boosted their target price on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. TD Securities raised Maple Leaf Foods to a “strong-buy” rating in a report on Monday, June 22nd. Royal Bank Of Canada lifted their price target on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Scotiabank decreased their price objective on Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce set a C$36.00 price objective on Maple Leaf Foods and gave the stock an “outperformer” rating in a report on Monday, July 27th.

Maple Leaf Foods Trading Down 0.4%

Shares of MFI opened at C$26.55 on Friday. Maple Leaf Foods has a fifty-two week low of C$23.35 and a fifty-two week high of C$36.31. The business has a 50-day moving average of C$28.37 and a 200 day moving average of C$29.03. The firm has a market cap of C$3.30 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 18.07 and a beta of 0.32. The company has a debt-to-equity ratio of 97.47, a quick ratio of 0.54 and a current ratio of 1.56.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. The firm had revenue of C$1.02 billion during the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. As a group, research analysts forecast that Maple Leaf Foods will post 1.4334187 EPS for the current year.

Maple Leaf Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.84 annualized dividend and a yield of 3.2%. Maple Leaf Foods’s dividend payout ratio (DPR) is currently 20.88%.

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.