Maple Leaf Foods (TSE:MFI) Given New C$30.00 Price Target at Scotiabank

Maple Leaf Foods (TSE:MFI) had its price target hoisted by Scotiabank from C$27.00 to C$30.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

MFI has been the subject of a number of other reports. BMO Capital Markets decreased their target price on Maple Leaf Foods from C$35.00 to C$33.00 in a research note on Thursday, November 6th. TD Securities dropped their price target on Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Royal Bank Of Canada set a C$33.00 price objective on Maple Leaf Foods and gave the company an “outperform” rating in a report on Thursday, November 27th. Canadian Imperial Bank of Commerce decreased their price objective on Maple Leaf Foods from C$36.00 to C$35.00 in a research report on Thursday, November 6th. Finally, Stifel Nicolaus increased their target price on Maple Leaf Foods from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$34.57.

Maple Leaf Foods Trading Up 1.4%

Shares of TSE MFI traded up C$0.41 during midday trading on Friday, reaching C$28.72. 348,966 shares of the stock were exchanged, compared to its average volume of 298,891. Maple Leaf Foods has a 12 month low of C$22.57 and a 12 month high of C$36.35. The company has a market capitalization of C$3.58 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 18.07 and a beta of 0.75. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.29 and a quick ratio of 0.54. The business has a 50-day simple moving average of C$26.37 and a two-hundred day simple moving average of C$28.34.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings data on Thursday, March 5th. The company reported C$0.32 EPS for the quarter. The business 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%. As a group, equities research analysts expect that Maple Leaf Foods will post 1.4334187 EPS for the current year.

Maple Leaf Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, March 9th. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. Maple Leaf Foods’s dividend payout ratio is 58.02%.

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.