Maple Leaf Foods (TSE:MFI) Price Target Raised to C$35.00

Maple Leaf Foods (TSE:MFI) had its target price raised by Stifel Nicolaus from C$32.00 to C$35.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets dropped their price objective on Maple Leaf Foods from C$35.00 to C$33.00 in a research note on Thursday, November 6th. Royal Bank Of Canada set a C$33.00 target price on Maple Leaf Foods and gave the company an “outperform” rating in a report on Thursday, November 27th. Canadian Imperial Bank of Commerce dropped their target price on Maple Leaf Foods from C$36.00 to C$35.00 in a research report on Thursday, November 6th. Finally, TD Securities cut their price target on shares of Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$34.57.

Maple Leaf Foods Stock Up 1.4%

MFI opened at C$28.72 on Friday. The company has a debt-to-equity ratio of 93.30, a quick ratio of 0.54 and a current ratio of 1.29. The stock has a market capitalization of C$3.58 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 18.07 and a beta of 0.75. The company has a fifty day moving average of C$26.37 and a two-hundred day moving average of C$28.25. Maple Leaf Foods has a fifty-two week low of C$22.57 and a fifty-two week high of C$36.35.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Thursday, March 5th. The company reported C$0.32 earnings per share for the quarter. The firm had revenue of C$991.24 million during the quarter. Maple Leaf Foods had a net margin of 13.84% and a return on equity of 35.43%. On average, research analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.

Maple Leaf Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 2.9%. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.19. Maple Leaf Foods’s dividend payout ratio is 58.02%.

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. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.