Maple Leaf Foods (TSE:MFI) Raised to Strong-Buy at Ventum Financial

Maple Leaf Foods (TSE:MFI) was upgraded by investment analysts at Ventum Financial to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on MFI. Scotiabank raised shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. National Bank Financial increased their price target on shares of Maple Leaf Foods from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Finally, Stifel Nicolaus increased their price target on shares of Maple Leaf Foods from C$32.00 to C$35.00 and gave the company a “buy” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$35.00.

Maple Leaf Foods Stock Performance

TSE MFI opened at C$30.10 on Tuesday. The firm has a market cap of C$3.75 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 18.07 and a beta of 0.47. The company has a 50 day moving average of C$28.96 and a 200-day moving average of C$26.99. The company has a current ratio of 1.29, a quick ratio of 0.54 and a debt-to-equity ratio of 93.30. Maple Leaf Foods has a 1-year low of C$23.35 and a 1-year high of C$36.35.

Maple Leaf Foods (TSE:MFI) last posted 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 net margin of 11.76% and a return on equity of 35.43%. The company had revenue of C$991.24 million during the quarter. On average, equities analysts forecast that Maple Leaf Foods will post 1.4334187 earnings per share 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.