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

Shares of Maple Leaf Foods Inc. (TSE:MFIGet Free Report) have received an average recommendation of “Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$36.33.

MFI has been the subject of several research reports. Scotiabank upgraded shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Stifel Nicolaus increased their price target on shares of Maple Leaf Foods from C$35.00 to C$36.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Ventum Financial set a C$37.00 price target on shares of Maple Leaf Foods and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Scotia increased their price target on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. Finally, National Bank Financial upped their price objective on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Friday, May 8th.

View Our Latest Stock Report on Maple Leaf Foods

Insider Buying and Selling at Maple Leaf Foods

In other Maple Leaf Foods news, Director Jonathan Wallace Ferguson Mccain acquired 7,500 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of C$27.92 per share, with a total value of C$209,400.00. Following the completion of the acquisition, the director directly owned 148,000 shares in the company, valued at C$4,132,160. This trade represents a 5.34% increase in their ownership of the stock. Also, Director Curtis Eugene Frank sold 96,191 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 101,469 shares in the company, valued at approximately C$2,967,968.25. This trade represents a 48.66% decrease in their ownership of the stock. Over the last 90 days, insiders bought 12,500 shares of company stock valued at $350,102 and sold 142,699 shares valued at $4,176,580. 39.87% of the stock is owned by company insiders.

Maple Leaf Foods Price Performance

MFI opened at C$31.26 on Monday. The firm has a market cap of C$3.89 billion, a P/E ratio of 7.43, a PEG ratio of 18.07 and a beta of 0.35. The firm has a 50-day moving average of C$29.81 and a 200 day moving average of C$28.07. The company has a debt-to-equity ratio of 91.78, a quick ratio of 0.54 and a current ratio of 1.34. Maple Leaf Foods has a fifty-two week low of C$23.35 and a fifty-two week high of C$36.35.

Maple Leaf Foods (TSE:MFIGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. The company had revenue of C$962.85 million during the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. On average, research 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 will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.84 annualized dividend and a yield of 2.7%. Maple Leaf Foods’s dividend payout ratio is 20.90%.

Maple Leaf Foods Company Profile

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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.

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Analyst Recommendations for Maple Leaf Foods (TSE:MFI)

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