Maple Leaf Foods (TSE:MFI) Given a C$29.00 Price Target at National Bankshares

National Bankshares set a C$29.00 price target on Maple Leaf Foods (TSE:MFI) in a report published on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also issued reports on MFI. Canaccord Genuity Group decreased their target price on Maple Leaf Foods from C$35.00 to C$30.00 and set a buy rating for the company in a report on Friday, February 23rd. Royal Bank of Canada decreased their target price on Maple Leaf Foods from C$32.00 to C$29.00 and set an outperform rating for the company in a report on Friday, February 23rd. CIBC decreased their target price on Maple Leaf Foods from C$36.00 to C$32.00 and set an outperform rating for the company in a report on Friday, February 23rd. Scotiabank cut their price target on Maple Leaf Foods from C$37.50 to C$33.50 and set an outperform rating on the stock in a research note on Friday, February 23rd. Finally, BMO Capital Markets cut their price target on Maple Leaf Foods from C$31.00 to C$29.00 in a research note on Friday, February 23rd. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and an average target price of C$30.50.

Maple Leaf Foods Stock Up 0.5 %

TSE:MFI opened at C$23.73 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 140.69. The stock’s fifty day moving average is C$23.51 and its two-hundred day moving average is C$24.81. Maple Leaf Foods has a 52 week low of C$21.52 and a 52 week high of C$31.63. The stock has a market capitalization of C$2.91 billion, a price-to-earnings ratio of -23.04, a price-to-earnings-growth ratio of 18.07 and a beta of 0.49.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Thursday, February 22nd. The company reported C$0.08 earnings per share (EPS) for the quarter. The firm had revenue of C$1.19 billion during the quarter. Maple Leaf Foods had a negative return on equity of 7.86% and a negative net margin of 2.57%. Research analysts anticipate that Maple Leaf Foods will post 0.9354965 EPS for the current year.

Maple Leaf Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.71%. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.21. Maple Leaf Foods’s payout ratio is -85.44%.

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.