Maple Leaf Foods Inc. (TSE:MFI) Receives C$31.08 Consensus Target Price from Analysts

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) has earned a consensus rating of "Buy" from the six brokerages that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is C$31.08.

A number of equities analysts have commented on MFI shares. CIBC upped their price objective on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. National Bankshares raised 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 research report on Wednesday, February 26th. Royal Bank of Canada boosted their target price on Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group raised their price target on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a "buy" rating in a report on Monday, January 13th.

Maple Leaf Foods Stock Performance

Shares of Maple Leaf Foods stock traded up C$0.29 during trading hours on Friday, hitting C$25.44. 39,482 shares of the company were exchanged, compared to its average volume of 234,430. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. The business has a 50-day moving average of C$23.33 and a 200-day moving average of C$22.33. Maple Leaf Foods has a 1 year low of C$19.61 and a 1 year high of C$26.10. The stock has a market capitalization of C$3.18 billion, a price-to-earnings ratio of 93.88, a P/E/G ratio of 18.07 and a beta of 0.47.

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Maple Leaf Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.77%. This is an increase from Maple Leaf Foods's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 7th. Maple Leaf Foods's dividend payout ratio (DPR) is presently 324.76%.

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.