National Bank Financial Cuts Maple Leaf Foods (TSE:MFI) Price Target to C$34.00

Maple Leaf Foods (TSE:MFI) had its target price decreased by National Bank Financial from C$36.00 to C$34.00 in a report released on Thursday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Ventum Financial dropped their price objective on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus set a C$36.00 target price on shares of Maple Leaf Foods and gave the stock a “buy” rating in a report on Thursday, July 9th. Royal Bank Of Canada boosted their target price on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Desjardins set a C$39.00 price target on Maple Leaf Foods and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Canadian Imperial Bank of Commerce set a C$36.00 price objective on Maple Leaf Foods and gave the company an “outperformer” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to data from MarketBeat.com, Maple Leaf Foods presently has a consensus rating of “Buy” and an average price target of C$36.33.

Maple Leaf Foods Price Performance

Shares of TSE MFI opened at C$26.81 on Thursday. The business’s 50 day moving average price is C$29.59 and its 200 day moving average price is C$28.99. The firm has a market cap 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 52 week low of C$23.35 and a 52 week high of C$36.35. The company has a quick ratio of 0.54, a current ratio of 1.56 and a debt-to-equity ratio of 97.47.

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

Maple Leaf Foods Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Adam John Grogan sold 32,063 shares of Maple Leaf Foods stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$29.37, for a total value of C$941,690.31. Following the sale, the insider owned 41,277 shares of the company’s stock, valued at approximately C$1,212,305.49. This trade represents a 43.72% decrease in their position. Also, insider Randall Huffman sold 5,075 shares of the business’s 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 completion of the sale, the insider directly owned 89,044 shares of the company’s stock, valued at approximately C$2,622,345.80. The trade was a 5.39% decrease in their position. Over the last 90 days, insiders have sold 137,829 shares of company stock worth $4,036,811. 39.87% of the stock is owned by corporate 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.