MTY Food Group (TSE:MTY) Price Target Cut to C$42.00 by Analysts at TD

Key Points

• TD cut its price target on MTY Food Group from C$45.00 to C$42.00 and kept a "hold" rating, implying roughly an 11.11% upside from the prior close.
• Analysts are mixed but cautious: two analysts rate the stock a Buy and five rate it a Hold, giving an average consensus rating of Hold and an average target of C$46.00.
• Shares traded at C$37.80 (down C$1.05); the company reported quarterly EPS of C$0.98 and revenue of C$267.77M, with a low liquidity profile (current ratio 0.69) and high leverage (debt/equity 127.62) despite a low P/E of 7.3.

MTY Food Group (TSE:MTY - Get Free Report) had its target price cut by stock analysts at TD from C$45.00 to C$42.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD's price target indicates a potential upside of 11.11% from the stock's previous close.

Several other equities research analysts have also weighed in on the company. TD Securities increased their target price on MTY Food Group from C$37.00 to C$45.00 and gave the stock a "hold" rating in a research report on Friday, February 20th. Royal Bank Of Canada lowered their price target on MTY Food Group from C$48.00 to C$46.00 and set a "sector perform" rating on the stock in a report on Monday. National Bank Financial set a C$49.00 price target on MTY Food Group and gave the company an "outperform" rating in a report on Monday, April 6th. Raymond James Financial lowered their price target on MTY Food Group from C$46.00 to C$45.00 and set a "market perform" rating on the stock in a report on Monday. Finally, Scotiabank raised their price target on MTY Food Group from C$41.00 to C$46.00 and gave the company a "sector perform" rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$46.00.

MTY Food Group Stock Performance

TSE MTY traded down C$1.05 during trading hours on Monday, hitting C$37.80. The company had a trading volume of 41,844 shares, compared to its average volume of 89,238. MTY Food Group has a fifty-two week low of C$32.92 and a fifty-two week high of C$46.36. The company has a quick ratio of 0.57, a current ratio of 0.69 and a debt-to-equity ratio of 127.62. The business has a fifty day simple moving average of C$40.55 and a 200-day simple moving average of C$38.56. The firm has a market cap of C$863.39 million, a P/E ratio of 7.30, a price-to-earnings-growth ratio of 0.75 and a beta of 0.85.

MTY Food Group (TSE:MTY - Get Free Report) last issued its earnings results on Friday, April 10th. The company reported C$0.98 earnings per share for the quarter. MTY Food Group had a return on equity of 18.59% and a net margin of 13.14%.The firm had revenue of C$267.77 million for the quarter. Equities analysts predict that MTY Food Group will post 4.4909091 EPS for the current year.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.

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