Analysts Set Maple Leaf Foods Inc. (TSE:MFI) Target Price at C$35.44

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been given a consensus recommendation of “Buy” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$35.44.

A number of research analysts have weighed in on the stock. Scotiabank cut their target price on shares of Maple Leaf Foods from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 8th. TD Securities cut their price objective on Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Royal Bank Of Canada set a C$33.00 target price on Maple Leaf Foods and gave the company an “outperform” rating in a report on Thursday, November 27th. BMO Capital Markets dropped their price target on Maple Leaf Foods from C$35.00 to C$33.00 in a research report on Thursday, November 6th. Finally, CIBC reduced their price objective on Maple Leaf Foods from C$36.00 to C$35.00 in a research report on Thursday, November 6th.

Maple Leaf Foods Stock Down 0.2%

Shares of Maple Leaf Foods stock opened at C$24.87 on Monday. Maple Leaf Foods has a 12-month low of C$20.02 and a 12-month high of C$36.35. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The stock has a 50 day moving average price of C$25.27 and a two-hundred day moving average price of C$29.45. The stock has a market capitalization of C$3.10 billion, a P/E ratio of 15.35, a PEG ratio of 18.07 and a beta of 0.50.

Maple Leaf Foods (TSE:MFI) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.49 earnings per share for the quarter. Maple Leaf Foods had a net margin of 0.70% and a return on equity of 2.19%. The business had revenue of C$1.01 billion during the quarter. Equities analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.

Maple Leaf Foods Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.76 dividend on an annualized basis and a yield of 3.1%. Maple Leaf Foods’s dividend payout ratio is 58.02%.

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. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.