Maple Leaf Foods (TSE:MFI) Upgraded at Scotiabank

Scotiabank upgraded shares of Maple Leaf Foods (TSE:MFI) to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other brokerages also recently commented on MFI. Canaccord Genuity Group raised their target price on shares of 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. National Bankshares upped their target price on Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. CIBC boosted their price target on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada increased their price objective on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Maple Leaf Foods currently has a consensus rating of “Moderate Buy” and an average price target of C$31.08.

Maple Leaf Foods Stock Up 0.7 %

MFI opened at C$25.62 on Tuesday. Maple Leaf Foods has a 1 year low of C$19.61 and a 1 year high of C$26.10. The firm has a 50 day moving average price of C$23.50 and a 200 day moving average price of C$22.39. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26. The company has a market cap of C$3.21 billion, a PE ratio of 94.55, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.75%. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 7th. Maple Leaf Foods’s dividend payout ratio is 324.76%.

Maple Leaf Foods Company Profile

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.