Maple Leaf Foods Inc. (TSE:MFI) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been given a consensus recommendation of “Buy” by the seven analysts that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$30.07.

A number of analysts recently commented on the company. Canaccord Genuity Group lowered their price objective on Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Scotiabank lowered their price target on shares of Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating for the company in a research report on Friday, May 3rd. BMO Capital Markets reduced their price objective on shares of Maple Leaf Foods from C$31.00 to C$29.00 in a research note on Friday, February 23rd. TD Securities cut shares of Maple Leaf Foods from an “action list buy” rating to a “buy” rating and dropped their target price for the company from C$40.00 to C$31.00 in a research report on Friday, February 23rd. Finally, CIBC reduced their price target on Maple Leaf Foods from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd.

Maple Leaf Foods Price Performance

Shares of MFI stock opened at C$23.53 on Wednesday. Maple Leaf Foods has a 1 year low of C$21.52 and a 1 year high of C$31.63. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 140.69. The firm’s 50 day moving average is C$23.31 and its 200-day moving average is C$24.71. The firm has a market capitalization of C$2.89 billion, a price-to-earnings ratio of -22.84, a PEG ratio of 18.07 and a beta of 0.48.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.08 earnings per share (EPS) for the quarter. The firm had revenue of C$1.19 billion for the quarter. Maple Leaf Foods had a negative return on equity of 7.86% and a negative net margin of 2.57%. Sell-side analysts forecast that Maple Leaf Foods will post 0.994288 EPS for the current fiscal year.

Maple Leaf Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.74%. Maple Leaf Foods’s payout ratio is -85.44%.

About Maple Leaf Foods

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.