National Bank Financial Forecasts Strong Price Appreciation for Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods (TSE:MFI) had its price objective lifted by stock analysts at National Bank Financial from C$33.00 to C$34.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 18.18% from the company’s current price.

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

Maple Leaf Foods Stock Up 1.6%

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

Maple Leaf Foods (TSE:MFI) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.32 EPS for the quarter. The business had revenue of C$991.24 million for the quarter. Maple Leaf Foods had a return on equity of 12.88% and a net margin of 4.22%. Research analysts anticipate that Maple Leaf Foods will post 1.4334187 EPS 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.