Brokerages Set Maple Leaf Foods Inc. (TSE:MFI) PT at C$30.75

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been given an average rating of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$30.75.

Several research firms recently commented on MFI. Scotiabank reduced their price objective on shares of Maple Leaf Foods from C$37.50 to C$33.50 and set an “outperform” rating for the company in a research note on Friday, February 23rd. BMO Capital Markets dropped their target price on shares of Maple Leaf Foods from C$31.00 to C$29.00 in a research report on Friday, February 23rd. CIBC dropped their target price on shares of Maple Leaf Foods from C$36.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Royal Bank of Canada dropped their target price on shares of Maple Leaf Foods from C$32.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Finally, Canaccord Genuity Group dropped their target price on shares of Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd.

Maple Leaf Foods Price Performance

Maple Leaf Foods stock opened at C$23.08 on Friday. The stock has a market cap of C$2.83 billion, a price-to-earnings ratio of -22.41, a price-to-earnings-growth ratio of 18.07 and a beta of 0.49. The company has a debt-to-equity ratio of 140.69, a current ratio of 1.17 and a quick ratio of 0.54. Maple Leaf Foods has a 1 year low of C$21.52 and a 1 year high of C$31.63. The firm has a 50-day moving average of C$23.85 and a two-hundred day moving average of C$24.92.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.08 EPS for the quarter. Maple Leaf Foods had a negative net margin of 2.57% and a negative return on equity of 7.86%. The business had revenue of C$1.19 billion during the quarter. On average, research analysts forecast that Maple Leaf Foods will post 0.9354965 earnings per share for the current year.

Maple Leaf Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, March 7th. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.81%. Maple Leaf Foods’s payout ratio is -85.44%.

About Maple Leaf Foods

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.