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

Maple Leaf Foods (TSE:MFI) had its price objective raised by equities research analysts at Stifel Nicolaus from C$32.00 to C$35.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 21.87% from the stock’s current price.

Several other brokerages have also issued reports on MFI. Canadian Imperial Bank of Commerce decreased their price target on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a report on Thursday, November 6th. BMO Capital Markets decreased their target price on shares of Maple Leaf Foods from C$35.00 to C$33.00 in a research note on Thursday, November 6th. Royal Bank Of Canada set a C$33.00 price target on Maple Leaf Foods and gave the company an “outperform” rating in a research note on Thursday, November 27th. Finally, TD Securities cut their price objective on Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Five investment 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 company currently has a consensus rating of “Moderate Buy” and an average price target of C$34.57.

Maple Leaf Foods Trading Up 1.4%

Shares of MFI stock opened at C$28.72 on Friday. Maple Leaf Foods has a fifty-two week low of C$22.57 and a fifty-two week high of C$36.35. The stock’s fifty day moving average price is C$26.37 and its two-hundred day moving average price is C$28.30. 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 company has a market cap of C$3.58 billion, a PE ratio of 17.73, a P/E/G ratio of 18.07 and a beta of 0.75.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.32 earnings per share 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 during the quarter. Equities analysts predict that Maple Leaf Foods will post 1.4334187 EPS for the current fiscal year.

About Maple Leaf Foods

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.