Maple Leaf Foods (TSE:MFI) Price Target Cut to C$34.00 by Analysts at National Bank Financial

Maple Leaf Foods (TSE:MFI) had its price target cut by analysts at National Bank Financial from C$36.00 to C$34.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 26.11% from the stock’s previous close.

A number of other research firms have also weighed in on MFI. Canadian Imperial Bank of Commerce set a C$36.00 target price on Maple Leaf Foods and gave the company an “outperformer” rating in a research note on Monday, July 27th. Desjardins set a C$39.00 price target on Maple Leaf Foods and gave the stock a “buy” rating in a research report on Thursday, June 4th. Stifel Nicolaus set a C$36.00 price target on Maple Leaf Foods and gave the stock a “buy” rating in a research note on Thursday, July 9th. TD Securities upgraded Maple Leaf Foods to a “strong-buy” rating in a research report on Monday, June 22nd. Finally, Ventum Capital increased their price objective on Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$36.33.

Maple Leaf Foods Trading Down 1.8%

TSE:MFI traded down C$0.50 during trading hours on Thursday, reaching C$26.96. The company’s stock had a trading volume of 193,340 shares, compared to its average volume of 273,229. The company has a debt-to-equity ratio of 91.78, a quick ratio of 0.54 and a current ratio of 1.34. The firm has a market capitalization of C$3.35 billion, a price-to-earnings ratio of 6.40, a PEG ratio of 18.07 and a beta of 0.32. The firm has a 50-day simple moving average of C$29.74 and a 200-day simple moving average of C$29.00. Maple Leaf Foods has a 1 year low of C$23.35 and a 1 year high of C$36.35.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.44 earnings per share (EPS) for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. The business had revenue of C$1.02 billion during the quarter. Research analysts expect that Maple Leaf Foods will post 1.4334187 EPS for the current fiscal year.

Insider Activity at Maple Leaf Foods

In other Maple Leaf Foods news, insider Adam John Grogan sold 32,063 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$29.37, for a total value of C$941,690.31. Following the completion of the sale, the insider owned 41,277 shares in the company, valued at approximately C$1,212,305.49. This trade represents a 43.72% decrease in their position. Also, Director Curtis Eugene Frank sold 96,191 shares of Maple Leaf Foods stock in a transaction that occurred on Monday, May 25th. The stock was sold at an average price of C$29.25, for a total value of C$2,813,586.75. Following the completion of the sale, the director owned 101,469 shares in the company, valued at approximately C$2,967,968.25. This represents a 48.66% decrease in their ownership of the stock. Insiders have sold a total of 137,829 shares of company stock worth $4,036,811 in the last 90 days. Company insiders own 39.87% of the company’s stock.

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.