Maple Leaf Foods Inc. (TSE:MFI) Receives C$36.33 Average Price Target from Analysts

Shares of Maple Leaf Foods Inc. (TSE:MFI) have received an average rating of “Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$36.33.

Several research firms recently commented on MFI. TD Securities raised Maple Leaf Foods to a “strong-buy” rating in a research note on Monday, June 22nd. Canaccord Genuity Group lifted their target price on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Stifel Nicolaus set a C$36.00 target price on shares of Maple Leaf Foods and gave the stock a “buy” rating in a report on Thursday, July 9th. Ventum Financial set a C$37.00 target price on shares of Maple Leaf Foods and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada raised their price target on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th.

Insider Buying and Selling

In other Maple Leaf Foods news, insider Andreas Liris bought 2,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of C$28.36 per share, with a total value of C$70,900.00. Following the purchase, the insider directly owned 15,500 shares of the company’s stock, valued at C$439,580. This trade represents a 19.23% increase in their position. Also, Director Jonathan Wallace Ferguson Mccain bought 7,500 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of C$27.92 per share, for a total transaction of C$209,400.00. Following the completion of the purchase, the director directly owned 148,000 shares in the company, valued at approximately C$4,132,160. This represents a 5.34% increase in their ownership of the stock. In the last 90 days, insiders have acquired 12,500 shares of company stock worth $350,102 and have sold 142,699 shares worth $4,176,580. Insiders own 39.87% of the company’s stock.

Maple Leaf Foods Price Performance

Shares of Maple Leaf Foods stock opened at C$29.27 on Friday. The business has a 50 day simple moving average of C$29.94 and a two-hundred day simple moving average of C$28.60. Maple Leaf Foods has a 12 month low of C$23.35 and a 12 month high of C$36.35. The stock has a market capitalization of C$3.64 billion, a P/E ratio of 6.95, a PEG ratio of 18.07 and a beta of 0.34. The company has a debt-to-equity ratio of 91.78, a current ratio of 1.34 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. The business had revenue of C$962.85 million for the quarter. Maple Leaf Foods had a return on equity of 36.56% and a net margin of 12.44%. As a group, analysts predict that Maple Leaf Foods will post 1.4334187 EPS for the current fiscal year.

Maple Leaf Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 8th. Maple Leaf Foods’s dividend payout ratio is currently 20.90%.

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.