Maple Leaf Foods (TSE:MFI) Price Target Cut to C$35.00

Maple Leaf Foods (TSE:MFI) had its price target lowered by TD Securities from C$36.00 to C$35.00 in a research report report published on Friday, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the stock. Scotiabank reduced their target price on Maple Leaf Foods from C$33.50 to C$31.50 and set an outperform rating for the company in a research note on Friday, May 3rd. National Bankshares set a C$29.00 price objective on Maple Leaf Foods and gave the company an outperform rating in a report on Monday, April 22nd. Finally, CIBC reduced their price target on shares of Maple Leaf Foods from C$32.00 to C$31.00 and set an outperform rating for the company in a research report on Friday, May 3rd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and an average target price of C$30.36.

Maple Leaf Foods Stock Performance

TSE MFI opened at C$22.73 on Friday. The firm has a 50-day moving average price of C$23.70 and a two-hundred day moving average price of C$23.85. Maple Leaf Foods has a 12-month low of C$21.52 and a 12-month high of C$30.23. The company has a market capitalization of C$2.80 billion, a P/E ratio of 253.33, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. The firm 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 net margin of 0.24% and a return on equity of 0.75%. Analysts anticipate that Maple Leaf Foods will post 0.7794118 earnings per share for the current year.

Maple Leaf Foods Dividend Announcement

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 paid 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 3.87%. Maple Leaf Foods’s dividend payout ratio is presently 977.78%.

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.