Maple Leaf Foods (TSE:MFI – Get Free Report) had its target price lowered by Scotiabank from C$36.00 to C$33.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 22.40% from the company’s current price.
MFI has been the topic of several other reports. TD Securities raised Maple Leaf Foods to a “strong-buy” rating in a research note on Monday, June 22nd. National Bank Financial lifted their target price on Maple Leaf Foods from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Canaccord Genuity Group boosted their target price on Maple Leaf Foods from C$37.00 to C$38.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Ventum Capital boosted their target price on Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus set a C$36.00 price target on Maple Leaf Foods and gave the stock a “buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$36.33.
Check Out Our Latest Stock Analysis on Maple Leaf Foods
Maple Leaf Foods Price Performance
Maple Leaf Foods (TSE:MFI – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. The firm had revenue of C$1.02 billion for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. As a group, equities research analysts anticipate that Maple Leaf Foods will post 1.4334187 EPS for the current fiscal year.
Insiders Place Their Bets
In other Maple Leaf Foods news, insider Randall Huffman sold 5,075 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 89,044 shares in the company, valued at C$2,622,345.80. The trade was a 5.39% decrease in their ownership of the stock. Also, Director Curtis Eugene Frank sold 96,191 shares of the company’s stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of C$29.25, for a total value of C$2,813,586.75. Following the transaction, the director directly owned 101,469 shares in the company, valued at approximately C$2,967,968.25. This represents a 48.66% decrease in their position. Insiders sold a total of 137,829 shares of company stock valued at $4,036,811 over the last 90 days. Insiders own 39.87% of the company’s stock.
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.
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