Stifel Nicolaus Forecasts Strong Price Appreciation for Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods (TSE:MFI) had its price objective boosted by Stifel Nicolaus from C$35.00 to C$36.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 21.50% from the stock’s current price.

Other research analysts also recently issued reports about the company. Scotiabank raised Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Ventum Financial set a C$37.00 price target on Maple Leaf Foods and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, National Bank Financial boosted their price objective on Maple Leaf Foods from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$36.09.

Maple Leaf Foods Price Performance

Maple Leaf Foods stock traded down C$1.33 during mid-day trading on Friday, hitting C$29.63. 238,476 shares of the company were exchanged, compared to its average volume of 313,395. The company has a market capitalization of C$3.69 billion, a PE ratio of 6.97, a price-to-earnings-growth ratio of 18.07 and a beta of 0.54. The business has a fifty day moving average of C$29.26 and a 200 day moving average of C$27.05. Maple Leaf Foods has a 1-year low of C$23.35 and a 1-year high of C$36.35. The company has a quick ratio of 0.54, a current ratio of 1.29 and a debt-to-equity ratio of 93.30.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. Maple Leaf Foods had a net margin of 11.76% and a return on equity of 35.43%. The business had revenue of C$962.85 million for the quarter. As a group, sell-side analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.

Maple Leaf Foods Company Profile

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.