Maple Leaf Foods (TSE:MFI) Price Target Increased to C$36.00 by Analysts at TD Securities

Maple Leaf Foods (TSE:MFI) had its price objective increased by analysts at TD Securities from C$31.00 to C$36.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 46.94% from the stock’s previous close.

MFI has been the topic of a number of other reports. Scotiabank dropped their price objective on shares of Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. CIBC dropped their price objective on Maple Leaf Foods from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Finally, National Bankshares set a C$29.00 price objective on shares of Maple Leaf Foods and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$30.79.

Maple Leaf Foods Stock Up 0.4 %

Shares of MFI stock traded up C$0.10 during trading on Wednesday, reaching C$24.50. The company’s stock had a trading volume of 136,502 shares, compared to its average volume of 152,791. Maple Leaf Foods has a 1-year low of C$21.52 and a 1-year high of C$31.63. The stock’s 50-day moving average price is C$23.17 and its 200 day moving average price is C$24.01. The company has a market capitalization of C$3.01 billion, a price-to-earnings ratio of -189.00, a P/E/G ratio of 18.07 and a beta of 0.45. The company has a debt-to-equity ratio of 136.74, a current ratio of 1.22 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Thursday, May 2nd. The company reported C$0.04 earnings per share (EPS) for the quarter. Maple Leaf Foods had a negative return on equity of 1.00% and a negative net margin of 0.32%. The firm had revenue of C$1.15 billion during the quarter. On average, research analysts anticipate that Maple Leaf Foods will post 0.7709368 EPS for the current year.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.