Maple Leaf Foods Inc. (TSE:MFI – Get Free Report) has earned a consensus rating of “Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$30.75.
MFI has been the topic of a number of recent research reports. Canaccord Genuity Group reduced their price target on shares of Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. TD Securities cut shares of Maple Leaf Foods from an “action list buy” rating to a “buy” rating and decreased their target price for the stock from C$40.00 to C$31.00 in a research report on Friday, February 23rd. BMO Capital Markets lowered their price target on shares of Maple Leaf Foods from C$31.00 to C$29.00 in a research note on Friday, February 23rd. Scotiabank reduced their price objective on Maple Leaf Foods from C$37.50 to C$33.50 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Finally, Royal Bank of Canada lowered their target price on Maple Leaf Foods from C$32.00 to C$29.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd.
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Maple Leaf Foods Price Performance
Maple Leaf Foods (TSE:MFI – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.08 EPS for the quarter. The business had revenue of C$1.19 billion during the quarter. Maple Leaf Foods had a negative net margin of 2.57% and a negative return on equity of 7.86%. As a group, equities analysts anticipate that Maple Leaf Foods will post 0.9354965 EPS for the current fiscal year.
Maple Leaf Foods Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were issued a $0.22 dividend. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a yield of 3.88%. Maple Leaf Foods’s dividend payout ratio is -85.44%.
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.
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