National Bankshares Issues Pessimistic Forecast for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its target price lowered by National Bankshares from C$28.00 to C$26.00 in a research report report published on Thursday,BayStreet.CA reports.

Several other research analysts have also commented on MFI. CIBC cut their price objective on Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. TD Securities decreased their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Maple Leaf Foods has a consensus rating of “Buy” and an average target price of C$29.93.

Maple Leaf Foods Trading Down 0.4 %

Shares of MFI stock traded down C$0.08 during mid-day trading on Thursday, hitting C$22.33. 41,341 shares of the company’s stock were exchanged, compared to its average volume of 169,023. Maple Leaf Foods has a fifty-two week low of C$21.05 and a fifty-two week high of C$27.55. The stock has a 50-day simple moving average of C$22.03 and a two-hundred day simple moving average of C$23.02. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03. The stock has a market cap of C$2.75 billion, a price-to-earnings ratio of 249.00, a PEG ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Friday, September 6th. Maple Leaf Foods’s payout ratio is presently 977.78%.

Insiders Place Their Bets

In other Maple Leaf Foods news, Director Linda Mantia purchased 4,498 shares of the business’s stock in a transaction on Friday, November 15th. The stock was purchased at an average price of C$22.23 per share, for a total transaction of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. Company insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

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.