Maple Leaf Foods (TSE:MFI) Price Target Increased to C$36.00 by Analysts at TD Securities

Maple Leaf Foods (TSE:MFIFree Report) had its price objective boosted by TD Securities from C$31.00 to C$36.00 in a research note published on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

MFI has been the subject of several other research reports. CIBC lowered their price target on Maple Leaf Foods from C$32.00 to C$31.00 and set an outperform rating for the company in a report on Friday, May 3rd. Scotiabank dropped their price target on shares of Maple Leaf Foods from C$33.50 to C$31.50 and set an outperform rating for the company in a research report on Friday, May 3rd. Finally, National Bankshares set a C$29.00 price target on shares of Maple Leaf Foods and gave the company an outperform rating in a report on Monday, April 22nd. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of Buy and a consensus target price of C$30.79.

Check Out Our Latest Report on MFI

Maple Leaf Foods Stock Up 0.5 %

Shares of TSE MFI opened at C$24.53 on Wednesday. The firm has a market cap of C$3.01 billion, a P/E ratio of -188.69, a price-to-earnings-growth ratio of 18.07 and a beta of 0.45. The company has a debt-to-equity ratio of 136.74, a quick ratio of 0.54 and a current ratio of 1.22. Maple Leaf Foods has a 1 year low of C$21.52 and a 1 year high of C$31.63. The firm’s 50 day moving average price is C$23.17 and its 200 day moving average price is C$24.02.

Maple Leaf Foods (TSE:MFIGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$1.15 billion for the quarter. Maple Leaf Foods had a negative return on equity of 1.00% and a negative net margin of 0.32%. As a group, sell-side analysts anticipate that Maple Leaf Foods will post 0.7709368 earnings per share for the current year.

Maple Leaf Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Thursday, June 6th. Maple Leaf Foods’s dividend payout ratio is currently -676.92%.

About Maple Leaf Foods

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Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.

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Analyst Recommendations for Maple Leaf Foods (TSE:MFI)

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