Maple Leaf Foods Inc. (TSE:MFI) Receives Average Rating of “Buy” from Analysts

Shares of Maple Leaf Foods Inc. (TSE:MFI) have received an average rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$30.19.

Several equities analysts have recently issued reports on the company. National Bankshares decreased their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. TD Securities decreased 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 report on Thursday, November 14th. 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 research note on Monday, January 13th.

Insider Buying and Selling at Maple Leaf Foods

In other Maple Leaf Foods news, Director Linda Mantia acquired 4,498 shares of the company’s stock in a transaction on Friday, November 15th. The shares were bought 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 owned by company insiders.

Maple Leaf Foods Stock Up 0.6 %

TSE:MFI opened at C$21.04 on Monday. The firm has a market capitalization of C$2.59 billion, a P/E ratio of 233.78, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. Maple Leaf Foods has a 52 week low of C$19.61 and a 52 week high of C$27.55. The stock has a fifty day simple moving average of C$21.65.

Maple Leaf Foods Announces Dividend

The company also recently declared 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 yield of 4.18%. Maple Leaf Foods’s dividend payout ratio is presently 977.78%.

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.