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

Shares of Maple Leaf Foods Inc. (TSE:MFI) have received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$31.08.

MFI has been the topic of a number of analyst reports. TD Securities decreased their target price on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Canaccord Genuity Group lifted their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Royal Bank of Canada lifted their target price on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. National Bankshares lifted their target price on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, CIBC lifted their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th.

Maple Leaf Foods Stock Performance

TSE MFI opened at C$25.22 on Tuesday. The company has a market capitalization of C$3.16 billion, a P/E ratio of 93.07, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a fifty day moving average of C$21.53 and a 200-day moving average of C$21.98. Maple Leaf Foods has a 52-week low of C$19.61 and a 52-week high of C$26.10. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26.

Maple Leaf Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a $0.24 dividend. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.81%. Maple Leaf Foods’s payout ratio is presently 324.76%.

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.