Maple Leaf Foods (TSE:MFI) PT Set at C$37.00 by Ventum Financial

Maple Leaf Foods (TSE:MFI) has been given a C$37.00 price target by investment analysts at Ventum Financial in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Financial’s price objective would indicate a potential upside of 21.51% from the stock’s current price.

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

Maple Leaf Foods Stock Performance

TSE MFI opened at C$30.45 on Wednesday. The firm has a 50-day moving average of C$29.01 and a 200-day moving average of C$27.02. 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 stock has a market cap of C$3.79 billion, a PE ratio of 7.16, a P/E/G ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 52-week low of C$23.35 and a 52-week high of C$36.35.

Maple Leaf Foods (TSE:MFI) last announced its earnings results on Thursday, March 5th. The company reported C$0.32 EPS for the quarter. Maple Leaf Foods had a net margin of 11.76% and a return on equity of 35.43%. The business had revenue of C$991.24 million during the quarter. On average, sell-side analysts anticipate that Maple Leaf Foods will post 1.4334187 EPS 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.