Shares of Maple Leaf Foods Inc. (TSE:MFI – Get Free Report) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$30.07.
MFI has been the subject of a number of analyst reports. CIBC dropped their price target on Maple Leaf Foods from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Scotiabank dropped their target price on Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating for the company in a report on Friday, May 3rd. Finally, National Bankshares set a C$29.00 price target on Maple Leaf Foods and gave the stock an “outperform” rating in a report on Monday, April 22nd.
Check Out Our Latest Research Report on Maple Leaf Foods
Maple Leaf Foods Stock Performance
Maple Leaf Foods (TSE:MFI – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C$0.04 EPS for the quarter. The business had revenue of C$1.15 billion during the quarter. Maple Leaf Foods had a negative return on equity of 1.00% and a negative net margin of 0.32%. As a group, research analysts forecast that Maple Leaf Foods will post 0.7709368 earnings per share for the current fiscal year.
Maple Leaf Foods Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.84%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently -676.92%.
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.
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