Maple Leaf Foods (TSE:MFI) Upgraded at Scotiabank

Scotiabank upgraded shares of Maple Leaf Foods (TSE:MFI) to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

MFI has been the topic of a number of other research reports. National Bankshares boosted their target price on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. CIBC raised their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Royal Bank of Canada lifted their target price on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group lifted their price objective on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Maple Leaf Foods has an average rating of “Moderate Buy” and an average target price of C$31.08.

Maple Leaf Foods Price Performance

Shares of Maple Leaf Foods stock opened at C$25.62 on Tuesday. The stock has a market capitalization of C$3.21 billion, a P/E ratio of 94.55, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a one year low of C$19.61 and a one year high of C$26.10. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. The business’s 50 day simple moving average is C$23.50 and its two-hundred day simple moving average is C$22.39.

Maple Leaf Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 3.75%. Maple Leaf Foods’s dividend payout ratio (DPR) is 324.76%.

About Maple Leaf Foods

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.