Maple Leaf Foods (TSE:MFI) Given a C$36.00 Price Target by Canadian Imperial Bank of Commerce Analysts

Canadian Imperial Bank of Commerce set a C$36.00 price objective on Maple Leaf Foods (TSE:MFI) in a report issued on Monday morning,BayStreet.CA reports. The firm currently has an outperformer rating on the stock.

Several other research firms also recently commented on MFI. Ventum Financial set a C$37.00 price objective on shares of Maple Leaf Foods and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Desjardins set a C$39.00 target price on Maple Leaf Foods and gave the company a “buy” rating in a research report on Thursday, June 4th. TD Securities upgraded Maple Leaf Foods to a “strong-buy” rating in a research note on Monday, June 22nd. Royal Bank Of Canada lifted their price target 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, May 8th. Finally, Ventum Capital lifted their price target on Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$36.42.

Maple Leaf Foods Stock Performance

Shares of Maple Leaf Foods stock opened at C$28.83 on Monday. The firm has a market capitalization of C$3.59 billion, a P/E ratio of 6.85, a PEG ratio of 18.07 and a beta of 0.34. The company has a quick ratio of 0.54, a current ratio of 1.34 and a debt-to-equity ratio of 91.78. The company has a 50 day moving average price of C$29.99 and a 200 day moving average price of C$28.75. Maple Leaf Foods has a 52 week low of C$23.35 and a 52 week high of C$36.35.

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

Maple Leaf Foods Dividend Announcement

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

Insider Transactions at Maple Leaf Foods

In related news, insider Adam John Grogan sold 32,063 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$29.37, for a total transaction of C$941,690.31. Following the completion of the transaction, the insider directly owned 41,277 shares in the company, valued at C$1,212,305.49. The trade was a 43.72% decrease in their ownership of the stock. Also, Director Curtis Eugene Frank sold 96,191 shares of the company’s stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$29.25, for a total transaction of C$2,813,586.75. Following the completion of the sale, the director directly owned 101,469 shares in the company, valued at approximately C$2,967,968.25. The trade was a 48.66% decrease in their ownership of the stock. Over the last three months, insiders have acquired 12,500 shares of company stock valued at $350,102 and have sold 142,699 shares valued at $4,176,580. 39.87% of the stock is owned by insiders.

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.