Maple Leaf Foods Inc. (TSE:MFI) Receives Average 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 seven research firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$30.19.

MFI has been the topic of several research reports. National Bankshares lowered their target price on Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. TD Securities lowered their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group boosted their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a "buy" rating in a research note on Monday, January 13th.

Maple Leaf Foods Stock Performance

MFI stock traded down C$0.05 during midday trading on Friday, hitting C$21.29. The company's stock had a trading volume of 42,124 shares, compared to its average volume of 196,458. The stock's 50-day moving average price is C$21.29 and its 200 day moving average price is C$22.22. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03. Maple Leaf Foods has a 1 year low of C$19.61 and a 1 year high of C$26.20. The stock has a market cap of C$2.62 billion, a price-to-earnings ratio of 236.56, a PEG ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.13%. Maple Leaf Foods's payout ratio is 977.78%.

Insider Activity at Maple Leaf Foods

In other Maple Leaf Foods news, Director Linda Mantia bought 4,498 shares of the firm's stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. 39.87% of the stock is currently owned by corporate insiders.

Maple Leaf Foods Company Profile

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.