Maple Leaf Foods (TSE:MFI) Price Target Raised to C$39.00

Key Points

• Ventum Capital raised its target price on Maple Leaf Foods to C$39.00 (from C$37.00) and kept a Buy rating, implying roughly a 31.62% upside from the current price.
• Multiple analysts (Scotiabank, RBC, National Bank Financial, Scotia) also upgraded or lifted targets, leaving a MarketBeat consensus rating of Buy with a consensus target of C$36.09.
• The stock traded down 4.3% to C$29.63 despite solid quarterly results (C$0.34 EPS, 35.43% ROE, 11.76% net margin) and a low valuation (P/E ~6.97) on a C$3.69 billion market cap.

Maple Leaf Foods (TSE:MFI - Get Free Report) had its target price raised by equities research analysts at Ventum Capital from C$37.00 to C$39.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Ventum Capital's price target suggests a potential upside of 31.62% from the company's current price.

A number of other analysts have also weighed in on the stock. Scotiabank upgraded shares of Maple Leaf Foods from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 11th. Royal Bank Of Canada boosted their price objective on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a report on Friday. National Bank Financial lifted their target price on Maple Leaf Foods from C$35.00 to C$37.00 and gave the stock an "outperform" rating in a report on Friday. Scotia boosted their price target on Maple Leaf Foods from C$32.00 to C$36.00 and gave the stock a "sector outperform" rating in a research note on Friday. Finally, Ventum Financial set a C$37.00 price objective on Maple Leaf Foods and gave the stock a "buy" rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$36.09.

Maple Leaf Foods Trading Down 4.3%

Shares of TSE MFI traded down C$1.33 during midday trading on Friday, hitting C$29.63. 238,476 shares of the company traded hands, compared to its average volume of 313,395. Maple Leaf Foods has a 12-month low of C$23.35 and a 12-month high of C$36.35. The firm has a market cap of C$3.69 billion, a P/E ratio of 6.97, a P/E/G ratio of 18.07 and a beta of 0.54. The stock has a 50-day moving average price of C$29.26 and a 200 day moving average price of C$27.05. The company has a debt-to-equity ratio of 93.30, a quick ratio of 0.54 and a current ratio of 1.29.

Maple Leaf Foods (TSE:MFI - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. Maple Leaf Foods had a return on equity of 35.43% and a net margin of 11.76%.The firm had revenue of C$962.85 million for the quarter. As a group, analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.

Maple Leaf Foods Company Profile

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.

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