Maple Leaf Foods Inc. (TSE:MFI) Given Consensus Rating of "Buy" by Analysts

Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$29.93.

Several analysts have recently commented on the stock. CIBC reduced their target price on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. TD Securities cut their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Finally, National Bankshares cut their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday, November 14th.

Insider Buying and Selling

In other news, Director Linda Mantia acquired 4,498 shares of the business's stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total value of C$55,198.00. 39.87% of the stock is currently owned by company insiders.

Maple Leaf Foods Stock Performance

Shares of MFI stock traded up C$0.01 during trading hours on Friday, hitting C$22.62. The stock had a trading volume of 147,300 shares, compared to its average volume of 169,462. The stock's 50 day moving average is C$22.09 and its 200 day moving average is C$22.95. The firm has a market capitalization of C$2.79 billion, a PE ratio of 251.33, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a twelve month low of C$21.05 and a twelve month high of C$27.55. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54.

Maple Leaf Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.22 per share. The ex-dividend date was Friday, September 6th. This represents a $0.88 annualized dividend and a yield of 3.89%. Maple Leaf Foods's dividend payout ratio (DPR) is presently 977.78%.

Maple Leaf Foods Company Profile

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.