Scotiabank Forecasts Strong Price Appreciation for Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods (TSE:MFI) had its target price boosted by investment analysts at Scotiabank from C$27.00 to C$30.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 4.46% from the company’s previous close.

Other research analysts also recently issued reports about the stock. TD Securities decreased their price target on shares of Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Canadian Imperial Bank of Commerce decreased their target price on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research report on Thursday, November 6th. National Bank Financial raised their price objective on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets lowered their target price on Maple Leaf Foods from C$35.00 to C$33.00 in a research note on Thursday, November 6th. Finally, Stifel Nicolaus raised their price target on Maple Leaf Foods from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.57.

Maple Leaf Foods Trading Up 1.4%

Shares of MFI stock opened at C$28.72 on Friday. The business has a 50-day moving average price of C$26.37 and a two-hundred day moving average price of C$28.30. Maple Leaf Foods has a 12-month low of C$22.57 and a 12-month high of C$36.35. The company has a quick ratio of 0.54, a current ratio of 1.29 and a debt-to-equity ratio of 93.30. The firm has a market cap of C$3.58 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 18.07 and a beta of 0.75.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.32 EPS for the quarter. The firm had revenue of C$991.24 million for the quarter. Maple Leaf Foods had a return on equity of 35.43% and a net margin of 13.84%. Equities analysts anticipate that Maple Leaf Foods will post 1.4334187 EPS 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.