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

Maple Leaf Foods (TSE:MFI) had its price objective increased by investment analysts at National Bank Financial from C$33.00 to C$34.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 18.38% from the company’s previous close.

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

Maple Leaf Foods Stock Up 1.4%

MFI opened at C$28.72 on Friday. The stock has a market cap of C$3.58 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 18.07 and a beta of 0.75. The company has a debt-to-equity ratio of 93.30, a quick ratio of 0.54 and a current ratio of 1.29. The firm’s fifty day moving average is C$26.37 and its 200 day moving average is C$28.30. 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 posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.32 EPS for the quarter. Maple Leaf Foods had a return on equity of 35.43% and a net margin of 13.84%.The business had revenue of C$991.24 million for the quarter. On average, sell-side analysts forecast that Maple Leaf Foods will post 1.4334187 earnings per share for the current fiscal 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.