TD Securities Issues Positive Forecast for Maple Leaf Foods (TSE:MFI) Stock Price

Key Points

• TD Securities has raised its price target for Maple Leaf Foods from C$42.00 to C$47.00, indicating a potential upside of 32.36% from the company's previous close.
• The stock currently holds a consensus rating of "Buy", with one analyst giving a "Strong Buy" rating and six others rating it as a buy, according to recent reports.
• Maple Leaf Foods' shares have traded between a 12-month low of C$19.61 and a high of C$36.35, with its latest price at C$35.51.

Maple Leaf Foods (TSE:MFI - Get Free Report) had its price target boosted by equities researchers at TD Securities from C$42.00 to C$47.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 32.17% from the stock's previous close.

MFI has been the topic of several other reports. Stifel Canada raised Maple Leaf Foods to a "strong-buy" rating in a research report on Monday, June 2nd. Stifel Nicolaus lifted their price objective on Maple Leaf Foods from C$36.50 to C$40.50 and gave the company a "buy" rating in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price objective on Maple Leaf Foods from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. National Bankshares lifted their price objective on Maple Leaf Foods from C$31.00 to C$36.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, CIBC lifted their price objective on Maple Leaf Foods from C$32.00 to C$38.00 in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$38.50.

Maple Leaf Foods Stock Performance

TSE:MFI traded down C$0.41 on Tuesday, hitting C$35.56. The stock had a trading volume of 245,535 shares, compared to its average volume of 217,362. The stock has a market cap of C$4.41 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 18.07 and a beta of 0.82. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The business's 50-day simple moving average is C$32.59 and its two-hundred day simple moving average is C$28.25. Maple Leaf Foods has a 52-week low of C$19.61 and a 52-week high of C$36.35.

Insider Buying and Selling

In related news, insider Andreas Liris sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of C$34.77, for a total value of C$34,770.00. Following the transaction, the insider directly owned 14,001 shares of the company's stock, valued at approximately C$486,814.77. The trade was a 6.67% decrease in their position. Also, insider Olajumoke Fagbemi purchased 2,651 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was acquired at an average cost of C$35.71 per share, for a total transaction of C$94,665.62. Following the completion of the acquisition, the insider owned 2,679 shares in the company, valued at C$95,665.48. This represents a 9,467.86% increase in their position. 39.87% of the stock is currently owned by insiders.

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.