Ventum Capital Issues Positive Forecast for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its price objective boosted by stock analysts at Ventum Capital from C$37.00 to C$39.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Capital’s target price suggests a potential upside of 31.62% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. Scotia raised their target price 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. National Bank Financial raised their target price on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday. Ventum Financial set a C$37.00 target price on shares of Maple Leaf Foods and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Scotiabank raised Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Finally, Royal Bank Of Canada raised their target price on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$36.09.

Maple Leaf Foods Stock Down 4.3%

TSE MFI traded down C$1.33 on Friday, reaching C$29.63. 238,476 shares of the stock 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 company has a market cap of C$3.69 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 18.07 and a beta of 0.54. The company has a fifty 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) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.34 EPS 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, research analysts forecast that Maple Leaf Foods will post 1.4334187 EPS for the current fiscal 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.