Maple Leaf Foods (TSE:MFI) Given a C$37.00 Price Target at Ventum Financial

Ventum Financial set a C$37.00 price target on Maple Leaf Foods (TSE:MFI) in a report released on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on MFI. Stifel Nicolaus raised their target price on shares of Maple Leaf Foods from C$32.00 to C$35.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Scotiabank raised shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Finally, National Bank Financial raised their target price on shares of Maple Leaf Foods from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat, Maple Leaf Foods currently has a consensus rating of “Buy” and a consensus price target of C$35.00.

Maple Leaf Foods Trading Up 0.9%

Shares of MFI opened at C$30.10 on Wednesday. Maple Leaf Foods has a 1-year low of C$23.35 and a 1-year high of C$36.35. The company has a 50-day moving average of C$28.96 and a 200 day moving average of C$26.99. The firm has a market capitalization of C$3.75 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 18.07 and a beta of 0.47. The company has a debt-to-equity ratio of 93.30, a current ratio of 1.29 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.32 earnings per share for the quarter. Maple Leaf Foods had a net margin of 11.76% and a return on equity of 35.43%. The company had revenue of C$991.24 million during the quarter. On average, research analysts expect that Maple Leaf Foods will post 1.4334187 EPS for the current year.

Maple Leaf Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a dividend of $0.21 per share. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 2.8%. Maple Leaf Foods’s payout ratio is 21.41%.

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