TD Securities Cuts Maple Leaf Foods (TSE:MFI) Price Target to C$43.00

Maple Leaf Foods (TSE:MFIFree Report) had its target price cut by TD Securities from C$47.00 to C$43.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also recently issued reports on MFI. Royal Bank Of Canada boosted their target price on Maple Leaf Foods from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. CIBC boosted their target price on Maple Leaf Foods from C$32.00 to C$38.00 in a research note on Wednesday, July 16th. Scotiabank boosted their target price on Maple Leaf Foods from C$30.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. National Bankshares upped their price target on Maple Leaf Foods from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Finally, Stifel Nicolaus upped their price target on Maple Leaf Foods from C$36.50 to C$40.50 and gave the stock a “buy” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$37.56.

View Our Latest Research Report on Maple Leaf Foods

Maple Leaf Foods Price Performance

MFI opened at C$31.23 on Thursday. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26. Maple Leaf Foods has a 52-week low of C$19.61 and a 52-week high of C$36.35. The stock has a market capitalization of C$3.89 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 18.07 and a beta of 0.82. The stock’s 50 day moving average price is C$34.07 and its 200-day moving average price is C$29.27.

Maple Leaf Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, September 5th. Maple Leaf Foods’s payout ratio is 63.89%.

Insider Buying and Selling at Maple Leaf Foods

In related news, insider Olajumoke Fagbemi bought 2,651 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were acquired at an average cost of C$35.71 per share, with a total value of C$94,665.62. Following the completion of the acquisition, the insider owned 2,679 shares of the company’s stock, valued at C$95,665.48. The trade was a 9,467.86% increase in their position. Also, insider Andreas Liris sold 1,000 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of C$34.77, for a total value of C$34,770.00. Following the completion of the sale, the insider directly owned 14,001 shares in the company, valued at C$486,814.77. This trade represents a 6.67% decrease in their ownership of the stock. Insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

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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.

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Analyst Recommendations for Maple Leaf Foods (TSE:MFI)

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