Maple Leaf Foods Inc. (TSE:MFI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Maple Leaf Foods Inc. (TSE:MFI) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$35.93.

Several research analysts recently issued reports on the company. National Bank Financial dropped their price objective on Maple Leaf Foods from C$39.00 to C$36.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Canadian Imperial Bank of Commerce lowered their target price on Maple Leaf Foods from C$36.00 to C$35.00 in a report on Thursday, November 6th. TD Securities dropped their price target on Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. BMO Capital Markets decreased their price objective on Maple Leaf Foods from C$35.00 to C$33.00 in a report on Thursday, November 6th. Finally, Royal Bank Of Canada set a C$33.00 price objective on shares of Maple Leaf Foods and gave the stock an “outperform” rating in a research note on Thursday, November 27th.

Maple Leaf Foods Price Performance

Maple Leaf Foods stock opened at C$27.75 on Tuesday. 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 stock has a market cap of C$3.46 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 18.07 and a beta of 0.50. The firm has a 50-day moving average of C$25.65 and a two-hundred day moving average of C$28.74. Maple Leaf Foods has a 1 year low of C$21.30 and a 1 year high of C$36.35.

Maple Leaf Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, December 10th. Maple Leaf Foods’s dividend payout ratio is presently 58.02%.

About Maple Leaf Foods

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.