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

Maple Leaf Foods (TSE:MFI) had its price objective hoisted by equities researchers at National Bank Financial from C$34.00 to C$35.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 17.92% from the company’s current price.

MFI has been the topic of several other research reports. Scotiabank upgraded shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Stifel Nicolaus boosted their target price 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, March 6th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$34.71.

Maple Leaf Foods Price Performance

MFI stock opened at C$29.68 on Friday. The firm has a market cap of C$3.69 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 18.07 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.29 and a debt-to-equity ratio of 93.30. Maple Leaf Foods has a 12-month low of C$23.35 and a 12-month high of C$36.35. The company’s fifty day simple moving average is C$28.79 and its 200 day simple moving average is C$27.05.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Thursday, March 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$991.24 million for the quarter. Maple Leaf Foods had a net margin of 11.76% and a return on equity of 35.43%. On average, analysts expect 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.