Maple Leaf Foods Inc. (TSE:MFI) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$31.08.

A number of equities research analysts have recently commented on the stock. Scotiabank raised shares of Maple Leaf Foods to a "hold" rating in a research note on Tuesday, April 1st. CIBC lifted their price objective on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Canaccord Genuity Group increased 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 lifted their price target on 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, National Bankshares increased their price target on Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th.

Maple Leaf Foods Price Performance

Shares of MFI opened at C$24.49 on Wednesday. The company has a market capitalization of C$3.07 billion, a P/E ratio of 90.38, a P/E/G ratio of 18.07 and a beta of 0.47. The business's 50-day moving average is C$24.24 and its two-hundred day moving average is C$22.58. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26. Maple Leaf Foods has a fifty-two week low of C$19.61 and a fifty-two week high of C$26.10.

Maple Leaf Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.24 per share. This is a positive change from Maple Leaf Foods's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 3.92%. The ex-dividend date was Friday, March 7th. Maple Leaf Foods's payout ratio 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.

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