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

Shares of Maple Leaf Foods Inc. (TSE:MFI) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$35.93.

MFI has been the topic of several analyst reports. Canadian Imperial Bank of Commerce reduced their target price on Maple Leaf Foods from C$36.00 to C$35.00 in a report on Thursday, November 6th. BMO Capital Markets reduced their price objective on shares of Maple Leaf Foods from C$35.00 to C$33.00 in a research note on Thursday, November 6th. National Bank Financial decreased their price objective on shares of Maple Leaf Foods from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. TD Securities dropped their target price on shares of Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, Royal Bank Of Canada set a C$33.00 price target on shares of Maple Leaf Foods and gave the company an “outperform” rating in a research report on Thursday, November 27th.

Maple Leaf Foods Stock Up 2.5%

Shares of MFI opened at C$27.95 on Tuesday. The stock’s 50-day moving average price is C$25.88 and its two-hundred day moving average price is C$28.67. Maple Leaf Foods has a 12 month low of C$21.72 and a 12 month high of C$36.35. The company has a market capitalization of C$3.49 billion, a PE ratio of 17.25, a PEG ratio of 18.07 and a beta of 0.50. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19.

Maple Leaf Foods Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.76 annualized dividend and a yield of 2.7%. Maple Leaf Foods’s dividend payout ratio (DPR) is currently 58.02%.

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.