Maple Leaf Foods Inc. (TSE:MFI) Stock Has Average Price Target of C$35.33

Maple Leaf Foods Inc. (TSE:MFI) has earned a consensus rating of “Buy” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$35.33.

A number of research firms recently issued reports on MFI. Scotiabank lowered their target price on Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 13th. Ventum Capital cut their price target on Maple Leaf Foods from C$37.00 to C$35.00 and set a “buy” rating on the stock in a report on Wednesday, October 21st. Ventum Financial reduced their price target on Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Canaccord Genuity Group reduced their price target on Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce set a C$36.00 price objective on Maple Leaf Foods and gave the company an “outperformer” rating in a research note on Monday, July 27th.

Insiders Place Their Bets

In other news, Director Andrew Gordon Macdonald purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was bought at an average price of C$26.78 per share, for a total transaction of C$267,800.00. Following the completion of the purchase, the director directly owned 72,200 shares of the company’s stock, valued at C$1,933,516. The trade was a 16.08% increase in their ownership of the stock. 39.87% of the stock is currently owned by company insiders.

Maple Leaf Foods Stock Performance

Shares of MFI stock opened at C$27.08 on Friday. The firm has a 50 day moving average of C$26.00 and a two-hundred day moving average of C$28.06. The stock has a market capitalization of C$3.38 billion, a PE ratio of 6.65, a P/E/G ratio of 18.07 and a beta of 0.26. The company has a quick ratio of 0.54, a current ratio of 1.56 and a debt-to-equity ratio of 97.47. Maple Leaf Foods has a 52 week low of C$23.35 and a 52 week high of C$31.87.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. The business had revenue of C$1.02 billion for the quarter. Maple Leaf Foods had a return on equity of 36.83% and a net margin of 13.08%. On average, research analysts predict that Maple Leaf Foods will post 1.43 EPS for the current fiscal year.

Maple Leaf Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.84 annualized dividend and a yield of 3.1%. Maple Leaf Foods’s dividend payout ratio (DPR) is 20.88%.

Maple Leaf Foods Company Profile

Maple Leaf Foods (TSX: MFI) is a purpose-driven, protein-focused, brand-led consumer packaged goods company headquartered in Mississauga, Ontario. It proudly produces responsibly made, delicious food under powerhouse brands that include Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Maple Leaf Mighty Protein, Musafir, Schneiders, Mina Halal, Greenfield Natural Meat Co, LightLife, Field Roast, and Yves Veggie Cuisine. Committed to Raising the Good in Food and bringing customers protein with purpose, Maple Leaf Foods delivers shared value for all its stakeholders by leading the way in safety and sustainability, building loved brands, operating with excellence, developing extraordinary talent, and broadening its impact through innovation and geographic reach.