Maple Leaf Foods (TSE:MFI) Given a C$36.00 Price Target by Stifel Nicolaus Analysts

Stifel Nicolaus set a C$36.00 target price on Maple Leaf Foods (TSE:MFI) in a research report sent to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Ventum Capital boosted their price target on Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada raised their price objective on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. National Bank Financial lifted their target price on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Scotia lifted their target price on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. Finally, Ventum Financial set a C$37.00 target price on shares of Maple Leaf Foods and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$36.33.

Maple Leaf Foods Price Performance

TSE MFI opened at C$29.66 on Thursday. The firm has a market cap of C$3.69 billion, a P/E ratio of 7.05, a price-to-earnings-growth ratio of 18.07 and a beta of 0.34. The company has a debt-to-equity ratio of 91.78, a current ratio of 1.34 and a quick ratio of 0.54. The stock’s 50-day moving average is C$29.92 and its two-hundred day moving average is C$28.43. Maple Leaf Foods has a fifty-two week low of C$23.35 and a fifty-two week high of C$36.35.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.34 earnings per share (EPS) for the quarter. The business had revenue of C$962.85 million during the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. On average, analysts anticipate that Maple Leaf Foods will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, June 8th. Maple Leaf Foods’s payout ratio is currently 20.90%.

Insider Activity at Maple Leaf Foods

In other news, insider Adam John Grogan sold 32,063 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$29.37, for a total value of C$941,690.31. Following the transaction, the insider owned 41,277 shares of the company’s stock, valued at approximately C$1,212,305.49. This trade represents a 43.72% decrease in their position. Also, Director Curtis Eugene Frank sold 96,191 shares of Maple Leaf Foods stock in a transaction that occurred on Monday, May 25th. The stock was sold at an average price of C$29.25, for a total transaction of C$2,813,586.75. Following the sale, the director owned 101,469 shares of the company’s stock, valued at approximately C$2,967,968.25. This represents a 48.66% decrease in their position. In the last quarter, insiders acquired 12,500 shares of company stock worth $350,102 and sold 142,699 shares worth $4,176,580. 39.87% of the stock is currently owned by company insiders.

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