Maple Leaf Foods Inc. (TSE:MFI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$31.08.

A number of brokerages have recently commented on MFI. CIBC lifted their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Canaccord Genuity Group upped their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Monday, January 13th. Scotiabank upgraded Maple Leaf Foods to a “hold” rating in a research note on Tuesday. National Bankshares boosted their price target on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada increased their price objective on Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th.

Maple Leaf Foods Trading Down 6.3 %

MFI opened at C$24.01 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. Maple Leaf Foods has a 52 week low of C$19.61 and a 52 week high of C$26.10. The business’s 50 day moving average is C$23.56 and its two-hundred day moving average is C$22.40. The firm has a market cap of C$3.01 billion, a price-to-earnings ratio of 88.61, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a $0.24 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 4.00%. Maple Leaf Foods’s dividend payout ratio is currently 324.76%.

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.