TD Securities Trims Maple Leaf Foods (TSE:MFI) Target Price to C$35.00

Maple Leaf Foods (TSE:MFI) had its target price cut by equities researchers at TD Securities from C$36.00 to C$35.00 in a note issued to investors on Friday, BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 52.44% from the company’s current price.

MFI has been the topic of a number of other research reports. Scotiabank dropped their target price on shares of Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. National Bankshares set a C$29.00 price objective on Maple Leaf Foods and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Finally, CIBC decreased their price target on Maple Leaf Foods from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$30.36.

Maple Leaf Foods Stock Down 0.4 %

Shares of Maple Leaf Foods stock traded down C$0.09 on Friday, hitting C$22.96. 174,298 shares of the company traded hands, compared to its average volume of 162,201. The company has a quick ratio of 0.54, a current ratio of 1.22 and a debt-to-equity ratio of 136.74. Maple Leaf Foods has a 12-month low of C$21.52 and a 12-month high of C$30.61. The company has a 50-day moving average price of C$23.70 and a 200 day moving average price of C$23.92. The company has a market cap of C$2.82 billion, a PE ratio of -177.92, a PEG ratio of 18.07 and a beta of 0.45.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.18 earnings per share for the quarter, topping the consensus estimate of C$0.17 by C$0.01. The business had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.27 billion. Maple Leaf Foods had a negative return on equity of 1.00% and a negative net margin of 0.32%. Sell-side analysts predict that Maple Leaf Foods will post 0.7709368 earnings per share for the current year.

About Maple Leaf Foods

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.