Maple Leaf Foods (TSE:MFI) Price Target Raised to C$35.00

Maple Leaf Foods (TSE:MFI) had its price objective upped by Scotiabank from C$30.00 to C$35.00 in a research note released on Friday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other analysts have also recently commented on the stock. Royal Bank Of Canada increased their price target on shares of Maple Leaf Foods from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday. CIBC raised their price objective on shares of Maple Leaf Foods from C$32.00 to C$38.00 in a research note on Wednesday, July 16th. TD Securities raised their price objective on shares of Maple Leaf Foods from C$41.00 to C$42.00 and gave the company a “buy” rating in a research note on Friday. Stifel Canada raised shares of Maple Leaf Foods to a “strong-buy” rating in a research note on Monday, June 2nd. Finally, Stifel Nicolaus raised their price objective on shares of Maple Leaf Foods from C$36.50 to C$40.50 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$37.36.

Maple Leaf Foods Price Performance

MFI opened at C$33.42 on Friday. Maple Leaf Foods has a one year low of C$19.61 and a one year high of C$33.48. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. The company’s 50 day simple moving average is C$28.96 and its 200-day simple moving average is C$25.95. The stock has a market capitalization of C$4.18 billion, a P/E ratio of 123.33, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were issued a $0.24 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.96 annualized dividend and a yield of 2.9%. Maple Leaf Foods’s dividend payout ratio (DPR) is 324.76%.

Insiders Place Their Bets

In other Maple Leaf Foods news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of C$26.33, for a total value of C$94,788.00. Following the sale, the insider directly owned 28 shares in the company, valued at approximately C$737.24. This trade represents a 99.23% decrease in their ownership of the stock. Company insiders own 39.87% of the company’s stock.

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.