Maple Leaf Foods Inc. (TSE:MFI) Given Average Rating of “Buy” by Analysts

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been assigned an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$29.93.

Several equities analysts recently weighed in on the company. TD Securities cut their price objective on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. National Bankshares reduced their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday, November 14th.

Maple Leaf Foods Price Performance

Maple Leaf Foods stock opened at C$21.81 on Monday. The firm has a market cap of C$2.69 billion, a price-to-earnings ratio of 242.33, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The stock’s fifty day moving average price is C$21.72. Maple Leaf Foods has a fifty-two week low of C$19.61 and a fifty-two week high of C$27.55. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32.

Maple Leaf Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.03%. Maple Leaf Foods’s payout ratio is 977.78%.

Insiders Place Their Bets

In other Maple Leaf Foods news, Director Linda Mantia purchased 4,498 shares of the business’s stock in a transaction on Friday, November 15th. The stock was purchased at an average price of C$22.23 per share, for a total transaction of C$99,990.54. Corporate insiders own 39.87% of the company’s stock.

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.