Maple Leaf Foods Inc. (TSE:MFI) Stock Has Consensus Target Price of C$36.33

Maple Leaf Foods Inc. (TSE:MFI) has earned an average recommendation of “Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$36.33.

MFI has been the subject of several recent research reports. Ventum Financial cut their price objective on Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Stifel Nicolaus set a C$36.00 price objective on Maple Leaf Foods and gave the stock a “buy” rating in a research report on Thursday, July 9th. Canadian Imperial Bank of Commerce set a C$36.00 target price on Maple Leaf Foods and gave the stock an “outperformer” rating in a report on Monday, July 27th. Canaccord Genuity Group reduced their target price on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Scotiabank decreased their price target on shares of 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.

Insiders Place Their Bets

In other Maple Leaf Foods news, Director Andrew Gordon Macdonald purchased 10,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was bought at an average cost of C$26.78 per share, with a total value of C$267,800.00. Following the purchase, the director directly owned 72,200 shares of the company’s stock, valued at C$1,933,516. The trade was a 16.08% increase in their ownership of the stock. 39.87% of the stock is currently owned by company insiders.

Maple Leaf Foods Price Performance

Shares of Maple Leaf Foods stock opened at C$24.76 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 0.54 and a debt-to-equity ratio of 97.47. The company’s 50-day moving average price is C$26.90 and its two-hundred day moving average price is C$28.76. Maple Leaf Foods has a 52 week low of C$23.35 and a 52 week high of C$31.87. The stock has a market cap of C$3.08 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 18.07 and a beta of 0.34.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.44 earnings per share (EPS) for the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. The company had revenue of C$1.02 billion for the quarter. As a group, sell-side analysts anticipate that Maple Leaf Foods will post 1.4334187 EPS for the current fiscal year.

Maple Leaf Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.84 annualized dividend and a yield of 3.4%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 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.