MTY Food Group (TSE:MTY) Given New C$45.00 Price Target at Raymond James Financial

MTY Food Group (TSE:MTY) had its price target lowered by Raymond James Financial from C$46.00 to C$45.00 in a research note released on Monday,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Several other equities analysts also recently commented on MTY. Royal Bank Of Canada upped their price objective on MTY Food Group from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Scotiabank upped their price objective on MTY Food Group from C$41.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. National Bank Financial set a C$49.00 price objective on MTY Food Group and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, TD Securities upped their price objective on MTY Food Group from C$37.00 to C$45.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$46.00.

MTY Food Group Stock Performance

Shares of MTY Food Group stock opened at C$37.65 on Monday. The stock’s fifty day moving average is C$40.45 and its two-hundred day moving average is C$38.56. The company has a market capitalization of C$859.96 million, a PE ratio of 7.27, a price-to-earnings-growth ratio of 0.75 and a beta of 0.85. The company has a quick ratio of 0.57, a current ratio of 0.69 and a debt-to-equity ratio of 127.62. MTY Food Group has a 52 week low of C$32.92 and a 52 week high of C$46.36.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Friday, April 10th. The company reported C$0.98 EPS for the quarter. The company had revenue of C$267.77 million for the quarter. MTY Food Group had a return on equity of 18.59% and a net margin of 13.14%. As a group, analysts expect that MTY Food Group will post 4.4909091 earnings per share for the current year.

Key Stories Impacting MTY Food Group

Here are the key news stories impacting MTY Food Group this week:

• Negative Sentiment: Papa Murphy’s continued to face operational challenges in Q1, which can pressure MTY’s U.S. franchise revenue and same-store sales if the brand’s recovery remains slow. Papa Murphy’s challenges continued in Q1
• Negative Sentiment: Raymond James cut its price target to C$45.00 and set a “market perform” rating — a downgrade that signals less upside than before and may reduce buy-side conviction. Raymond James price target cut
• Negative Sentiment: RBC lowered its target to C$46.00 and moved to “sector perform”, reducing analysts’ valuation support and likely weighing on sentiment. RBC price target cut
• Negative Sentiment: TD cut its target to C$42.00 and kept a “hold” rating, trimming expected upside and signaling more cautious near‑term expectations. TD price target cut
• Negative Sentiment: Scotiabank trimmed its target to C$45.00 with a “sector perform” stance, adding to the cluster of analyst downgrades pressuring the stock. Scotiabank price target cut

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.