Maple Leaf Foods (TSE:MFI) Given New C$28.00 Price Target at National Bankshares

Maple Leaf Foods (TSE:MFI) had its price target cut by National Bankshares from C$29.00 to C$28.00 in a report released on Friday, BayStreet.CA reports.

A number of other analysts have also commented on the company. Scotiabank decreased their price objective on 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. CIBC cut their target price on Maple Leaf Foods from C$32.00 to C$31.00 and set an outperform rating on the stock in a research note on Friday, May 3rd. Finally, TD Securities dropped their price objective on Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Friday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of Buy and an average target price of C$30.36.

Maple Leaf Foods Stock Down 1.1 %

Maple Leaf Foods stock traded down C$0.26 during midday trading on Friday, reaching C$22.79. The stock had a trading volume of 277,443 shares, compared to its average volume of 163,050. Maple Leaf Foods has a 12 month low of C$21.52 and a 12 month high of C$30.61. The company has a market capitalization of C$2.80 billion, a P/E ratio of -175.31, a PEG ratio of 18.07 and a beta of 0.45. The company has a fifty day moving average price of C$23.70 and a two-hundred day moving average price of C$23.89. 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 issued its earnings results on Thursday, August 8th. The company reported C$0.18 EPS for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.01. 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$1.26 billion during the quarter, compared to analyst estimates of C$1.27 billion. As a group, equities analysts expect that Maple Leaf Foods will post 0.7709368 EPS for the current fiscal year.

Maple Leaf Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.86%. Maple Leaf Foods’s dividend payout ratio is currently -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.