Maple Leaf Foods Inc. (TSE:MFI) Receives C$34.57 Consensus Price Target from Analysts

Maple Leaf Foods Inc. (TSE:MFI) has received a consensus recommendation of “Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$34.57.

Several equities research analysts have recently commented on MFI shares. Stifel Nicolaus boosted their price target on Maple Leaf Foods from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Scotiabank raised Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. National Bank Financial boosted their target price on Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, Royal Bank Of Canada set a C$33.00 price target on Maple Leaf Foods and gave the stock an “outperform” rating in a research note on Thursday, November 27th.

Maple Leaf Foods Stock Performance

Shares of MFI opened at C$29.52 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.29 and a debt-to-equity ratio of 93.30. Maple Leaf Foods has a 52-week low of C$22.57 and a 52-week high of C$36.35. The company has a 50-day simple moving average of C$26.82 and a 200-day simple moving average of C$27.95. The company has a market capitalization of C$3.67 billion, a PE ratio of 6.95, a P/E/G ratio of 18.07 and a beta of 0.75.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings data on Thursday, March 5th. The company reported C$0.32 EPS for the quarter. Maple Leaf Foods had a net margin of 11.76% and a return on equity of 35.43%. The firm had revenue of C$991.24 million for the quarter. Equities research analysts predict that Maple Leaf Foods will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.21 per share. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 2.8%. Maple Leaf Foods’s payout ratio is 21.41%.

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