Maple Leaf Foods Inc. (TSE:MFI) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) have been assigned an average rating of "Buy" from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$31.08.

Several research analysts recently issued reports on MFI shares. CIBC upped their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. National Bankshares upped their price objective on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Canaccord Genuity Group lifted their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Royal Bank of Canada upped their price target on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, TD Securities lowered their price objective on shares of 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.

Maple Leaf Foods Stock Up 0.6 %

Shares of TSE:MFI traded up C$0.15 during trading on Tuesday, reaching C$25.10. The stock had a trading volume of 257,877 shares, compared to its average volume of 245,670. The firm's 50-day simple moving average is C$21.81 and its 200 day simple moving average is C$22.03. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. Maple Leaf Foods has a one year low of C$19.61 and a one year high of C$26.10. The company has a market capitalization of C$3.14 billion, a P/E ratio of 92.63, a PEG ratio of 18.07 and a beta of 0.47.

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Maple Leaf Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.82%. This is a positive change from Maple Leaf Foods's previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 7th. Maple Leaf Foods's dividend payout ratio (DPR) is 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.