National Bank Financial Issues Positive Forecast for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its price target upped by investment analysts at National Bank Financial from C$33.00 to C$34.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 18.18% from the company’s current price.

Other research analysts also recently issued reports about the company. TD Securities decreased their price target on Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Royal Bank Of Canada set a C$33.00 price objective on Maple Leaf Foods and gave the company an “outperform” rating in a report on Thursday, November 27th. BMO Capital Markets lowered their target price on shares of Maple Leaf Foods from C$35.00 to C$33.00 in a report on Thursday, November 6th. Canadian Imperial Bank of Commerce dropped their price target on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research report on Thursday, November 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Maple Leaf Foods from C$32.00 to C$35.00 and gave the company a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Maple Leaf Foods presently has an average rating of “Moderate Buy” and a consensus price target of C$34.57.

Maple Leaf Foods Stock Up 1.6%

Shares of TSE MFI traded up C$0.46 during midday trading on Friday, reaching C$28.77. The company’s stock had a trading volume of 201,491 shares, compared to its average volume of 295,262. The stock has a 50 day simple moving average of C$26.29 and a 200-day simple moving average of C$28.39. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 100.37. The stock has a market capitalization of C$3.59 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 18.07 and a beta of 0.75. Maple Leaf Foods has a fifty-two week low of C$22.57 and a fifty-two week high of C$36.35.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Thursday, March 5th. The company reported C$0.32 earnings per share for the quarter. Maple Leaf Foods had a net margin of 4.22% and a return on equity of 12.88%. The business had revenue of C$991.24 million during the quarter. Equities research analysts predict that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.

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.