Maple Leaf Foods (TSE:MFI – Get Free Report) had its price objective decreased by research analysts at Ventum Capital from C$37.00 to C$35.00 in a report issued on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Ventum Capital’s price objective suggests a potential upside of 33.95% from the company’s previous close.
MFI has been the topic of a number of other research reports. Canaccord Genuity Group cut their target price on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Desjardins decreased their target price on shares of Maple Leaf Foods from C$39.00 to C$36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Stifel Nicolaus set a C$36.00 price target on shares of Maple Leaf Foods and gave the stock a “buy” rating in a report on Thursday, July 9th. Scotiabank lowered their price target on shares of Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating for the company in a report on Thursday, August 13th. Finally, National Bank Financial dropped their price target on Maple Leaf Foods from C$34.00 to C$29.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat.com, Maple Leaf Foods presently has a consensus rating of “Buy” and a consensus target price of C$35.33.
Check Out Our Latest Analysis on Maple Leaf Foods
Maple Leaf Foods Price Performance
Shares of Maple Leaf Foods stock traded up C$0.28 during midday trading on Wednesday, hitting C$26.13. 91,589 shares of the company traded hands, compared to its average volume of 277,447. The stock has a market cap of C$3.26 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 18.07 and a beta of 0.26. The company has a debt-to-equity ratio of 97.47, a quick ratio of 0.54 and a current ratio of 1.56. The firm’s fifty day moving average price is C$26.06 and its 200-day moving average price is C$28.38. Maple Leaf Foods has a 12 month low of C$23.35 and a 12 month high of C$31.87.
Maple Leaf Foods (TSE:MFI – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.44 earnings per share (EPS) for the quarter. The business had revenue of C$1.02 billion during the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. As a group, sell-side analysts forecast that Maple Leaf Foods will post 1.43 earnings per share for the current year.
Insider Activity at Maple Leaf Foods
In other news, Director Andrew Gordon Macdonald purchased 10,000 shares of Maple Leaf Foods stock in a transaction dated Friday, September 4th. The shares were bought at an average cost of C$26.78 per share, for a total transaction of C$267,800.00. Following the completion of the acquisition, the director owned 72,200 shares in the company, valued at approximately C$1,933,516. This trade represents a 16.08% increase in their position. Insiders own 39.87% of the company’s stock.
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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