TD Reiterates "C$38.00" Price Target for MTY Food Group (TSE:MTY)

Key Points

• TD maintained a C$38.00 price target and “hold” rating for MTY Food Group, implying 24.67% upside from the stock’s C$30.48 price.
• Analyst sentiment remains cautious: MTY has a consensus “Hold” rating from eight analysts, with an average target of C$42.12.
• The stock traded near its 12-month low, with a market capitalization of C$696.19 million; MTY reported quarterly EPS of C$0.67 and revenue of C$279.94 million.

MTY Food Group (TSE:MTY - Get Free Report) has been assigned a C$38.00 price objective by investment analysts at TD in a research report issued on Thursday, BayStreet reports. The brokerage currently has a "hold" rating on the stock. TD's target price suggests a potential upside of 24.67% from the company's current price.

MTY has been the topic of a number of other research reports. TD Securities raised shares of MTY Food Group to a "hold" rating in a report on Monday, July 13th. Scotia decreased their target price on shares of MTY Food Group from C$45.00 to C$40.00 and set a "sector perform" rating for the company in a research report on Monday, July 13th. Acumen Capital dropped their price target on shares of MTY Food Group from C$50.00 to C$48.00 and set a "buy" rating on the stock in a research note on Monday, July 13th. Royal Bank Of Canada reduced their price objective on MTY Food Group from C$46.00 to C$41.00 and set a "sector perform" rating for the company in a research report on Monday, July 13th. Finally, National Bank Financial decreased their price objective on MTY Food Group from C$43.00 to C$40.00 and set an "outperform" rating for the company in a report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$42.12.

MTY Food Group Stock Performance

TSE:MTY traded down C$0.30 during midday trading on Thursday, reaching C$30.48. 64,198 shares of the company traded hands, compared to its average volume of 86,002. The firm has a market capitalization of C$696.19 million, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. The company has a fifty day moving average price of C$33.63 and a 200 day moving average price of C$36.52. The company has a debt-to-equity ratio of 123.64, a current ratio of 0.73 and a quick ratio of 0.56. MTY Food Group has a twelve month low of C$30.33 and a twelve month high of C$45.90.

MTY Food Group (TSE:MTY - Get Free Report) last issued its earnings results on Friday, July 10th. The company reported C$0.67 earnings per share for the quarter. The firm had revenue of C$279.94 million for the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%. On average, analysts expect that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

About MTY Food Group

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.

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