TD Has Lowered Expectations for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its price target reduced by equities researchers at TD from C$36.00 to C$35.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD‘s price target suggests a potential upside of 29.49% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Ventum Capital dropped their price objective on shares of Maple Leaf Foods from C$37.00 to C$35.00 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. Canaccord Genuity Group decreased their target price on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. 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 dropped their price target on shares of Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce set a C$36.00 price objective on shares of Maple Leaf Foods and gave the company an “outperformer” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$34.92.

Maple Leaf Foods Stock Performance

Maple Leaf Foods stock traded down C$0.25 during midday trading on Thursday, hitting C$27.03. 250,984 shares of the company were exchanged, compared to its average volume of 275,544. The firm has a market capitalization of C$3.37 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 18.07 and a beta of 0.26. Maple Leaf Foods has a fifty-two week low of C$23.35 and a fifty-two week high of C$31.87. The business has a fifty day simple moving average of C$26.02 and a two-hundred day simple moving average of C$28.07. The company has a debt-to-equity ratio of 97.47, a quick ratio of 0.54 and a current ratio of 1.56.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings results on Wednesday, November 4th. The company reported C$0.36 earnings per share for the quarter. Maple Leaf Foods had a return on equity of 36.83% and a net margin of 13.08%. The company had revenue of C$1.03 billion during the quarter. On average, sell-side analysts forecast that Maple Leaf Foods will post 1.43 earnings per share for the current year.

Insider Buying and Selling

In other Maple Leaf Foods news, Director Andrew Gordon Macdonald acquired 10,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were bought at an average cost of C$26.78 per share, with a total value 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 ownership of the stock. Insiders own 39.87% of the company’s stock.

About Maple Leaf Foods

Maple Leaf Foods (TSX: MFI) is a purpose-driven, protein-focused, brand-led consumer packaged goods company headquartered in Mississauga, Ontario. It proudly produces responsibly made, delicious food under powerhouse brands that include Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Maple Leaf Mighty Protein, Musafir, Schneiders, Mina Halal, Greenfield Natural Meat Co, LightLife, Field Roast, and Yves Veggie Cuisine. Committed to Raising the Good in Food and bringing customers protein with purpose, Maple Leaf Foods delivers shared value for all its stakeholders by leading the way in safety and sustainability, building loved brands, operating with excellence, developing extraordinary talent, and broadening its impact through innovation and geographic reach.