Maple Leaf Foods (TSE:MFI – Get Rating) had its price target cut by TD Securities from C$45.00 to C$39.00 in a research note released on Friday morning, BayStreet.CA reports. They currently have an action list buy rating on the stock.
Other analysts have also issued reports about the company. Scotiabank cut their price target on Maple Leaf Foods from C$40.00 to C$34.00 in a report on Friday. BMO Capital Markets dropped their target price on Maple Leaf Foods from C$36.00 to C$31.00 in a report on Friday. Royal Bank of Canada dropped their target price on Maple Leaf Foods from C$43.00 to C$42.00 and set an outperform rating on the stock in a report on Thursday, April 28th. Finally, CIBC dropped their target price on Maple Leaf Foods from C$41.00 to C$35.00 and set an outperform rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of C$35.00.
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Maple Leaf Foods Stock Performance
Shares of Maple Leaf Foods stock opened at C$21.88 on Friday. The firm has a market cap of C$2.73 billion and a price-to-earnings ratio of 39.78. The stock's 50-day moving average is C$26.14 and its 200-day moving average is C$28.08. Maple Leaf Foods has a one year low of C$21.60 and a one year high of C$32.60. The company has a debt-to-equity ratio of 73.88, a current ratio of 1.55 and a quick ratio of 0.48.
Maple Leaf Foods (TSE:MFI – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported C$0.03 EPS for the quarter. The firm had revenue of C$1.13 billion during the quarter. Equities analysts predict that Maple Leaf Foods will post 2.2000002 earnings per share for the current fiscal year.
Maple Leaf Foods Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Wednesday, September 7th. Maple Leaf Foods's dividend payout ratio (DPR) is presently 134.55%.
Insiders Place Their Bets
In other Maple Leaf Foods news, Senior Officer Bentley Andrew Brooks sold 9,997 shares of the business's stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of C$27.40, for a total transaction of C$273,917.80. Following the transaction, the insider now owns 21,973 shares of the company's stock, valued at C$602,060.20. In other news, Senior Officer Bentley Andrew Brooks sold 9,997 shares of the company's stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of C$27.40, for a total value of C$273,917.80. Following the transaction, the insider now owns 21,973 shares of the company's stock, valued at C$602,060.20. Also, Senior Officer Curtis Eugene Frank bought 3,218 shares of the firm's stock in a transaction dated Thursday, June 30th. The stock was purchased at an average cost of C$25.32 per share, for a total transaction of C$81,479.76. Following the transaction, the insider now directly owns 3,218 shares of the company's stock, valued at approximately C$81,479.76.
About Maple Leaf Foods
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Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, snacks kits, fresh pork and poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Schneiders, Greenfield Natural Meat Co, Swift, Prime, Maple Leaf Natural Selections, Mina, Big Stick, Cappola, Deli Express, Field Roast Grain Meat Co, Holiday, Hygrade, Larsen, Lightlife, Lunch Mate, Main Street Deli, Maple Leaf Foodservice, Mitchell's, Olympic Craft Meats, Parma, Shopsy's, Sunrise, and Swift.
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