Maple Leaf Foods (TSE:MFI) Price Target Cut to C$42.00 by Analysts at Royal Bank of Canada

Maple Leaf Foods (TSE:MFIGet Rating) had its price target decreased by Royal Bank of Canada from C$43.00 to C$42.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

MFI has been the subject of a number of other reports. Scotiabank lifted their price objective on shares of Maple Leaf Foods from C$42.00 to C$46.00 and gave the stock a sector perform rating in a research note on Monday, January 31st. CIBC dropped their price objective on shares of Maple Leaf Foods from C$44.00 to C$41.00 and set an outperform rating for the company in a research note on Friday, February 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Buy and an average target price of C$40.60.

MFI opened at C$28.06 on Thursday. The stock has a market capitalization of C$3.48 billion and a price-to-earnings ratio of 34.22. The company has a fifty day moving average of C$29.12 and a 200 day moving average of C$29.30. Maple Leaf Foods has a fifty-two week low of C$24.30 and a fifty-two week high of C$32.60. The company has a debt-to-equity ratio of 70.99, a quick ratio of 0.55 and a current ratio of 1.40.

Maple Leaf Foods (TSE:MFIGet Rating) last posted its earnings results on Thursday, February 24th. The company reported C$0.09 earnings per share for the quarter. The company had revenue of C$1.12 billion for the quarter. On average, equities research analysts forecast that Maple Leaf Foods will post 2.2100001 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Monday, March 7th. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.18. Maple Leaf Foods’s dividend payout ratio (DPR) is 87.80%.

Maple Leaf Foods Company Profile (Get Rating)

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, snacks kits, fresh pork and poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Schneiders, Greenfield Natural Meat Co, Swift, Prime, Maple Leaf Natural Selections, Mina, Big Stick, Cappola, Deli Express, Field Roast Grain Meat Co, Holiday, Hygrade, Larsen, Lightlife, Lunch Mate, Main Street Deli, Maple Leaf Foodservice, Mitchell's, Olympic Craft Meats, Parma, Shopsy's, Sunrise, and Swift.

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