Desjardins Reiterates C$39.00 Price Target for Maple Leaf Foods (TSE:MFI)

Maple Leaf Foods (TSE:MFIGet Free Report) received a C$39.00 price target from Desjardins in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 28.16% from the company’s previous close.

Several other equities research analysts have also commented on MFI. Ventum Financial set a C$37.00 price objective on shares of Maple Leaf Foods and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Ventum Capital boosted their price objective on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada boosted their price objective on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Canaccord Genuity Group boosted their price objective on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Scotia boosted their price objective on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$36.33.

View Our Latest Stock Analysis on Maple Leaf Foods

Maple Leaf Foods Trading Up 0.6%

Shares of TSE MFI traded up C$0.17 during midday trading on Thursday, hitting C$30.43. 161,646 shares of the company traded hands, compared to its average volume of 298,325. Maple Leaf Foods has a 12-month low of C$23.35 and a 12-month high of C$36.35. The company has a debt-to-equity ratio of 91.78, a quick ratio of 0.54 and a current ratio of 1.34. The stock has a 50-day moving average price of C$29.49 and a 200 day moving average price of C$27.40. The firm has a market cap of C$3.79 billion, a P/E ratio of 7.23, a P/E/G ratio of 18.07 and a beta of 0.54.

Maple Leaf Foods (TSE:MFIGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share (EPS) for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. The company had revenue of C$962.85 million for the quarter. As a group, analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.

Insider Transactions at Maple Leaf Foods

In other news, Director Jonathan Wallace Ferguson Mccain bought 7,500 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of C$27.92 per share, for a total transaction of C$209,400.00. Following the completion of the purchase, the director owned 148,000 shares in the company, valued at approximately C$4,132,160. This represents a 5.34% increase in their position. Also, Director Curtis Eugene Frank sold 96,191 shares of the company’s stock in a transaction that occurred on Monday, May 25th. The stock was sold at an average price of C$29.25, for a total transaction of C$2,813,586.75. Following the completion of the transaction, the director owned 101,469 shares in the company, valued at approximately C$2,967,968.25. This represents a 48.66% decrease in their position. In the last quarter, insiders have purchased 12,500 shares of company stock valued at $350,102 and have sold 142,699 shares valued at $4,176,580. Corporate insiders own 39.87% of the company’s stock.

About Maple Leaf Foods

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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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Analyst Recommendations for Maple Leaf Foods (TSE:MFI)

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