Maple Leaf Foods (TSE:MFI) Raised to “Strong-Buy” at Scotiabank

Maple Leaf Foods (TSE:MFI) was upgraded by Scotiabank from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

MFI has been the subject of a number of other research reports. National Bank Financial raised their target price on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Royal Bank Of Canada set a C$33.00 target price on shares of Maple Leaf Foods and gave the company an “outperform” rating in a report on Thursday, November 27th. Finally, Stifel Nicolaus upped their price target on Maple Leaf Foods from C$32.00 to C$35.00 and gave the stock a “buy” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$34.57.

Maple Leaf Foods Stock Down 1.6%

Shares of Maple Leaf Foods stock opened at C$28.33 on Wednesday. Maple Leaf Foods has a one year low of C$22.57 and a one year high of C$36.35. The company has a market cap of C$3.53 billion, a P/E ratio of 6.67, a PEG 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 has a fifty day moving average of C$26.64 and a two-hundred day moving average of C$28.15.

Maple Leaf Foods (TSE:MFI) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. Maple Leaf Foods had a net margin of 13.84% and a return on equity of 35.43%. The business had revenue of C$991.24 million for the quarter. On average, analysts forecast that Maple Leaf Foods will post 1.4334187 earnings per share for the current 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.