Maple Leaf Foods (TSE:MFI) Stock Price Target Lowered at TD

Key Points

• TD cut its Maple Leaf Foods price target from C$36 to C$35 but maintained a Buy rating, implying about 29.5% upside from the stock’s current price.
• Analyst sentiment remains broadly positive: MarketBeat reports an average rating of Buy and an average price target of C$34.92, with 11 of 12 analysts rating the stock Buy or Strong Buy.
• The shares traded at C$27.03 on Thursday. Maple Leaf reported quarterly EPS of C$0.36 on revenue of C$1.03 billion, and a director recently bought 10,000 shares.

Maple Leaf Foods (TSE:MFI - Get Free Report) had its target price reduced by research analysts at TD from C$36.00 to C$35.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. TD's target price suggests a potential upside of 29.49% from the stock's current price.

A number of other equities research analysts have also weighed in on MFI. Ventum Financial dropped their price objective on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a "buy" rating on the stock in a report on Thursday, August 13th. Stifel Nicolaus set a C$36.00 target price on Maple Leaf Foods and gave the stock a "buy" rating in a research note on Thursday, July 9th. Scotiabank dropped their price target on Maple Leaf Foods from C$36.00 to C$33.00 and set a "sector outperform" rating on the stock in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce set a C$36.00 price objective on Maple Leaf Foods and gave the company an "outperformer" rating in a report on Monday, July 27th. Finally, Desjardins reduced their price objective on Maple Leaf Foods from C$36.00 to C$33.00 and set a "buy" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$34.92.

Maple Leaf Foods Stock Performance

TSE:MFI traded down C$0.25 during trading hours on Thursday, hitting C$27.03. 250,984 shares of the company were exchanged, compared to its average volume of 275,544. The stock has a market capitalization of C$3.37 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 18.07 and a beta of 0.26. Maple Leaf Foods has a 52-week low of C$23.35 and a 52-week high of C$31.87. The company has a debt-to-equity ratio of 97.47, a current ratio of 1.56 and a quick ratio of 0.54. The company's 50 day moving average price is C$26.02 and its 200-day moving average price is C$28.07.

Maple Leaf Foods (TSE:MFI - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$1.03 billion for the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. As a group, research analysts forecast that Maple Leaf Foods will post 1.43 earnings per share for the current year.

Insider Buying and Selling at Maple Leaf Foods

In other Maple Leaf Foods news, Director Andrew Gordon Macdonald acquired 10,000 shares of the business's stock in a transaction dated Friday, September 4th. The shares were purchased at an average price of C$26.78 per share, for a total transaction of C$267,800.00. Following the completion of the purchase, the director directly owned 72,200 shares of the company's stock, valued at C$1,933,516. The trade was a 16.08% increase in their ownership of the stock. 39.87% of the stock is owned by insiders.

Maple Leaf Foods Company Profile

Maple Leaf Foods TSX: MFI is a purpose-driven, protein-focused, brand-led consumer packaged goods company headquartered in Mississauga, Ontario. It proudly produces responsibly made, delicious food under powerhouse brands that include Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Maple Leaf Mighty Protein, Musafir, Schneiders, Mina Halal, Greenfield Natural Meat Co, LightLife, Field Roast, and Yves Veggie Cuisine. Committed to Raising the Good in Food and bringing customers protein with purpose, Maple Leaf Foods delivers shared value for all its stakeholders by leading the way in safety and sustainability, building loved brands, operating with excellence, developing extraordinary talent, and broadening its impact through innovation and geographic reach.

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