Maple Leaf Foods (TSE:MFI – Get Free Report) has been given a C$36.00 price objective by analysts at Canadian Imperial Bank of Commerce in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price target would indicate a potential upside of 25.26% from the company’s current price.
A number of other brokerages 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 report on Wednesday, April 22nd. Ventum Capital raised their target price on shares of 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. Canaccord Genuity Group lifted their price target on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Scotia boosted their price target 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 report on Friday, May 8th. Finally, Stifel Nicolaus set a C$36.00 price objective on shares of Maple Leaf Foods and gave the stock a “buy” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$36.42.
View Our Latest Analysis on Maple Leaf Foods
Maple Leaf Foods Stock Up 2.8%
Maple Leaf Foods (TSE:MFI – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.34 EPS for the quarter. The company had revenue of C$962.85 million for the quarter. Maple Leaf Foods had a return on equity of 36.56% and a net margin of 12.44%. On average, equities research analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.
Insider Activity
In related news, insider Andreas Liris purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of C$28.36 per share, with a total value of C$70,900.00. Following the completion of the purchase, the insider directly owned 15,500 shares in the company, valued at C$439,580. This trade represents a 19.23% increase in their ownership of the stock. Also, Director Jonathan Wallace Ferguson Mccain acquired 7,500 shares of Maple Leaf Foods stock in a transaction on 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 directly owned 148,000 shares of the company’s stock, valued at approximately C$4,132,160. This represents a 5.34% increase in their ownership of the stock. In the last quarter, insiders purchased 12,500 shares of company stock worth $350,102 and sold 142,699 shares worth $4,176,580. 39.87% of the stock is owned by insiders.
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.
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