Stifel Nicolaus Issues Positive Forecast for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its price objective hoisted by equities research analysts at Stifel Nicolaus from C$32.00 to C$35.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 21.65% from the stock’s current price.

A number of other brokerages also recently commented on MFI. Canadian Imperial Bank of Commerce reduced their price objective on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Thursday, November 6th. BMO Capital Markets cut their price target on Maple Leaf Foods from C$35.00 to C$33.00 in a report on Thursday, November 6th. TD Securities decreased their price objective on Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada set a C$33.00 target price on Maple Leaf Foods and gave the company an “outperform” rating in a research note on Thursday, November 27th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.57.

Maple Leaf Foods Stock Up 1.6%

Shares of MFI traded up C$0.46 during midday trading on Friday, reaching C$28.77. 201,491 shares of the stock were exchanged, compared to its average volume of 295,262. The company has a market capitalization of C$3.59 billion, a P/E ratio of 17.76, a PEG ratio of 18.07 and a beta of 0.75. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 100.37. Maple Leaf Foods has a 52 week low of C$22.57 and a 52 week high of C$36.35. The company’s 50 day moving average is C$26.29 and its two-hundred day moving average is C$28.39.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Thursday, March 5th. The company reported C$0.32 EPS for the quarter. Maple Leaf Foods had a net margin of 4.22% and a return on equity of 12.88%. The business had revenue of C$991.24 million for the quarter. On average, sell-side analysts anticipate that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.

About Maple Leaf Foods

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.