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

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is C$30.19.

MFI has been the topic of several research analyst reports. Canaccord Genuity Group boosted their price objective on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a research report on Monday, January 13th. TD Securities decreased their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, National Bankshares decreased their target price 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

Shares of Maple Leaf Foods stock opened at C$21.33 on Friday. The stock’s 50-day simple moving average is C$21.35 and its 200-day simple moving average is C$22.28. Maple Leaf Foods has a 52 week low of C$19.61 and a 52 week high of C$26.36. The company has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 237.00, a PEG ratio of 18.07 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date was Friday, December 6th. This represents a $0.88 annualized dividend and a yield of 4.13%. Maple Leaf Foods’s payout ratio is currently 977.78%.

Insiders Place Their Bets

In related news, Director Linda Mantia acquired 4,498 shares of Maple Leaf Foods stock in a transaction on Friday, November 15th. The shares were bought at an average cost of C$22.23 per share, with a total value of C$99,990.54. 39.87% of the stock is currently owned by insiders.

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.