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

Maple Leaf Foods Inc. (TSE:MFI) has earned a consensus rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$30.19.

Several equities research analysts recently weighed in on the stock. TD Securities reduced 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 report on Thursday, November 14th. National Bankshares reduced their price objective on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a report on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price objective on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Monday, January 13th.

Maple Leaf Foods Stock Down 0.8 %

Maple Leaf Foods stock opened at C$21.17 on Friday. The company has a 50-day simple moving average of C$21.18 and a 200-day simple moving average of C$22.17. The firm has a market capitalization of C$2.65 billion, a P/E ratio of 78.13, a P/E/G ratio of 18.07 and a beta of 0.47. 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 one year low of C$19.61 and a one year high of C$26.20.

Maple Leaf Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.16%. Maple Leaf Foods’s dividend payout ratio is 324.76%.

About Maple Leaf Foods

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.