Shares of Maple Leaf Foods Inc. (TSE:MFI – Get Free Report) have earned an average rating of “Buy” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$35.33.
A number of equities research analysts have commented on MFI shares. Scotiabank decreased their price target on Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 13th. National Bank Financial lowered their price target on Maple Leaf Foods from C$34.00 to C$29.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. Stifel Nicolaus set a C$36.00 price target on Maple Leaf Foods and gave the stock a “buy” rating in a research note on Thursday, July 9th. Desjardins cut their price objective on shares of Maple Leaf Foods from C$39.00 to C$36.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Finally, Canadian Imperial Bank of Commerce set a C$36.00 price objective on shares of Maple Leaf Foods and gave the company an “outperformer” rating in a report on Monday, July 27th.
Check Out Our Latest Research Report on MFI
Insiders Place Their Bets
In related news, Director Andrew Gordon Macdonald purchased 10,000 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was acquired at an average price of C$26.78 per share, with a total value of C$267,800.00. Following the completion of the acquisition, the director owned 72,200 shares in the company, valued at approximately C$1,933,516. This represents a 16.08% increase in their position. Corporate insiders own 39.87% of the company’s stock.
Maple Leaf Foods Stock Performance
Shares of MFI opened at C$26.23 on Friday. Maple Leaf Foods has a 12 month low of C$23.35 and a 12 month high of C$31.87. The stock has a fifty day moving average price of C$26.01 and a 200-day moving average price of C$28.02. The company has a current ratio of 1.56, a quick ratio of 0.54 and a debt-to-equity ratio of 97.47. The firm has a market cap of C$3.27 billion, a PE ratio of 6.44, a P/E/G ratio of 18.07 and a beta of 0.26.
Maple Leaf Foods (TSE:MFI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. Maple Leaf Foods had a return on equity of 36.83% and a net margin of 13.08%. The firm had revenue of C$1.02 billion during the quarter. Equities research analysts predict that Maple Leaf Foods will post 1.43 earnings per share for the current fiscal year.
Maple Leaf Foods Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a $0.21 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. Maple Leaf Foods’s dividend payout ratio (DPR) is 20.88%.
Maple Leaf Foods Company Profile
Maple Leaf Foods (TSX: MFI) is a purpose-driven, protein-focused, brand-led consumer packaged goods company headquartered in Mississauga, Ontario. It proudly produces responsibly made, delicious food under powerhouse brands that include Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Maple Leaf Mighty Protein, Musafir, Schneiders, Mina Halal, Greenfield Natural Meat Co, LightLife, Field Roast, and Yves Veggie Cuisine. Committed to Raising the Good in Food and bringing customers protein with purpose, Maple Leaf Foods delivers shared value for all its stakeholders by leading the way in safety and sustainability, building loved brands, operating with excellence, developing extraordinary talent, and broadening its impact through innovation and geographic reach.
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