Maple Leaf Foods (TSE:MFI) Given New C$35.00 Price Target at TD Securities

Maple Leaf Foods (TSE:MFI) had its target price lowered by TD Securities from C$36.00 to C$35.00 in a research report report published on Friday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. National Bankshares set a C$29.00 price target on Maple Leaf Foods and gave the company an outperform rating in a report on Monday, April 22nd. Scotiabank reduced their target price on Maple Leaf Foods from C$33.50 to C$31.50 and set an outperform rating for the company in a research report on Friday, May 3rd. Finally, CIBC lowered their price target on shares of Maple Leaf Foods from C$32.00 to C$31.00 and set an outperform rating on the stock in a report on Friday, May 3rd. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of Buy and a consensus price target of C$30.36.

Maple Leaf Foods Stock Performance

Shares of TSE MFI opened at C$22.73 on Friday. Maple Leaf Foods has a 12 month low of C$21.52 and a 12 month high of C$30.23. The company has a market cap of C$2.80 billion, a P/E ratio of 253.33, a P/E/G ratio of 18.07 and a beta of 0.47. The business’s 50 day moving average is C$23.70 and its two-hundred day moving average is C$23.85. 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 (TSE:MFI) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.18 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.01. The firm had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.27 billion. Maple Leaf Foods had a net margin of 0.24% and a return on equity of 0.75%. On average, equities analysts expect that Maple Leaf Foods will post 0.7794118 EPS for the current year.

Maple Leaf Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.87%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 977.78%.

About Maple Leaf Foods

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.