Maple Leaf Foods (TSE:MFI) Stock Price Expected to Rise, National Bank Financial Analyst Says

Maple Leaf Foods (TSE:MFI) had its price objective increased by analysts at National Bank Financial from C$34.00 to C$35.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 17.65% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Stifel Nicolaus raised their price objective on Maple Leaf Foods from C$32.00 to C$35.00 and gave the company a “buy” rating in a report on Friday, March 6th. Scotiabank upgraded Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, Maple Leaf Foods has an average rating of “Buy” and an average target price of C$34.71.

Maple Leaf Foods Price Performance

MFI stock traded up C$0.07 during midday trading on Friday, reaching C$29.75. The stock had a trading volume of 96,284 shares, compared to its average volume of 316,425. The company’s fifty day simple moving average is C$28.74 and its 200 day simple moving average is C$27.15. The company has a current ratio of 1.29, a quick ratio of 0.54 and a debt-to-equity ratio of 93.30. The company has a market cap of C$3.70 billion, a price-to-earnings ratio of 7.00, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 52-week low of C$23.35 and a 52-week high of C$36.35.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.32 earnings per share for the quarter. The company had revenue of C$991.24 million for the quarter. Maple Leaf Foods had a return on equity of 35.43% and a net margin of 11.76%. As a group, sell-side analysts predict that Maple Leaf Foods will post 1.4334187 earnings per share for the current fiscal year.

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. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.