Ventum Financial Cuts Maple Leaf Foods (TSE:MFI) Price Target to C$37.00

Maple Leaf Foods (TSE:MFI) had its target price lowered by Ventum Financial from C$39.00 to C$37.00 in a report released on Thursday morning,BayStreet.CA reports. Ventum Financial currently has a buy rating on the stock.

A number of other research analysts have also issued reports on the stock. Canadian Imperial Bank of Commerce set a C$36.00 target price on shares of Maple Leaf Foods and gave the stock an “outperformer” rating in a research report on Monday, July 27th. Stifel Nicolaus set a C$36.00 price target on Maple Leaf Foods and gave the company a “buy” rating in a research note on Thursday, July 9th. Ventum Capital increased their price target on Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. TD Securities upgraded Maple Leaf Foods to a “strong-buy” rating in a research note on Monday, June 22nd. Finally, Canaccord Genuity Group lifted their price objective on Maple Leaf Foods from C$37.00 to C$38.00 and gave the company a “buy” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$36.33.

Maple Leaf Foods Stock Down 0.3%

MFI opened at C$26.81 on Thursday. The stock has a fifty day moving average of C$29.59 and a 200-day moving average of C$28.99. The company has a market capitalization of C$3.34 billion, a P/E ratio of 6.59, a P/E/G ratio of 18.07 and a beta of 0.32. Maple Leaf Foods has a fifty-two week low of C$23.35 and a fifty-two week high of C$36.35. The company has a debt-to-equity ratio of 97.47, a quick ratio of 0.54 and a current ratio of 1.56.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.44 EPS for the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. The business had revenue of C$1.02 billion for the quarter. On average, equities analysts expect that Maple Leaf Foods will post 1.4334187 EPS for the current year.

Maple Leaf Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, June 8th. Maple Leaf Foods’s payout ratio is presently 20.88%.

Insider Activity at Maple Leaf Foods

In related news, insider Randall Huffman sold 5,075 shares of Maple Leaf Foods stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$29.45, for a total transaction of C$149,458.75. Following the sale, the insider directly owned 89,044 shares in the company, valued at approximately C$2,622,345.80. This trade represents a 5.39% decrease in their ownership of the stock. Also, insider Adam John Grogan sold 32,063 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$29.37, for a total value of C$941,690.31. Following the completion of the transaction, the insider directly owned 41,277 shares in the company, valued at approximately C$1,212,305.49. This represents a 43.72% decrease in their position. Over the last three months, insiders sold 137,829 shares of company stock valued at $4,036,811. 39.87% of the stock is owned by 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.