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

Shares of Maple Leaf Foods Inc. (TSE:MFI) have received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$30.19.

MFI has been the subject of several research analyst reports. National Bankshares cut their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a report on Thursday, November 14th. Canaccord Genuity Group lifted their price objective on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, TD Securities cut their price objective on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

Insider Activity at Maple Leaf Foods

In related news, Director Linda Mantia bought 4,498 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. 39.87% of the stock is owned by company insiders.

Maple Leaf Foods Stock Down 1.6 %

Maple Leaf Foods stock opened at C$21.33 on Friday. The firm has a market cap of C$2.63 billion, a price-to-earnings ratio of 237.00, a PEG ratio of 18.07 and a beta of 0.47. The stock has a fifty day simple moving average of C$21.35 and a two-hundred day simple moving average of C$22.28. Maple Leaf Foods has a 12 month low of C$19.61 and a 12 month high of C$26.36. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.22 per share. The ex-dividend date was Friday, December 6th. This represents a $0.88 annualized dividend and a yield of 4.13%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 977.78%.

About Maple Leaf Foods

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.