Maple Leaf Foods Inc. (TSE:MFI) Receives C$30.36 Consensus PT from Analysts

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) has earned a consensus recommendation of "Buy" from the six ratings firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$30.36.

A number of research firms have weighed in on MFI. CIBC reduced their price objective on Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. TD Securities reduced their price target on Maple Leaf Foods from C$36.00 to C$35.00 in a research report on Friday, August 9th. Finally, National Bankshares decreased their price target on Maple Leaf Foods from C$29.00 to C$28.00 in a report on Friday, August 9th.

Maple Leaf Foods Stock Performance

TSE:MFI traded up C$0.37 during midday trading on Friday, hitting C$22.43. The company's stock had a trading volume of 169,952 shares, compared to its average volume of 168,125. Maple Leaf Foods has a fifty-two week low of C$21.15 and a fifty-two week high of C$28.08. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54. The firm has a market cap of C$2.76 billion, a P/E ratio of 249.22, a P/E/G ratio of 18.07 and a beta of 0.47. The firm's 50 day moving average is C$22.93 and its 200-day moving average is C$23.24.

Maple Leaf Foods (TSE:MFI - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.18 earnings per share for the quarter, topping analysts' consensus estimates of C$0.17 by C$0.01. Maple Leaf Foods had a net margin of 0.24% and a return on equity of 0.75%. The firm had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.27 billion. Equities analysts anticipate that Maple Leaf Foods will post 1.4791386 earnings per share for the current fiscal year.

Maple Leaf Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.92%. The ex-dividend date was Friday, September 6th. Maple Leaf Foods's payout ratio is 977.78%.

Insider Transactions at Maple Leaf Foods

In other Maple Leaf Foods news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. In other Maple Leaf Foods news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of Maple Leaf Foods stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total transaction of C$55,198.00. Also, Senior Officer Iain William Stewart sold 5,000 shares of the company's stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$22.90, for a total transaction of C$114,500.00. Corporate insiders own 39.98% of the company's stock.

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.