Royal Bank Of Canada Has Lowered Expectations for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its price objective decreased by investment analysts at Royal Bank Of Canada from C$34.00 to C$33.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target suggests a potential upside of 22.68% from the company’s previous close.

MFI has been the topic of several other reports. TD decreased their target price on shares of Maple Leaf Foods from C$36.00 to C$35.00 and set a “buy” rating on the stock in a research report on Thursday. National Bank Financial dropped their price target on shares of Maple Leaf Foods from C$34.00 to C$29.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. Ventum Financial cut their price target on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Stifel Nicolaus set a C$36.00 price target on shares of Maple Leaf Foods and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Ventum Capital lowered their price objective on shares of Maple Leaf Foods from C$37.00 to C$35.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$34.45.

Maple Leaf Foods Trading Down 0.9%

TSE:MFI traded down C$0.24 during mid-day trading on Thursday, reaching C$26.90. The company’s stock had a trading volume of 381,725 shares, compared to its average volume of 276,707. The company has a debt-to-equity ratio of 6.45, a current ratio of 1.41 and a quick ratio of 0.54. The stock has a market cap of C$3.34 billion, a P/E ratio of 6.61, a P/E/G ratio of 18.07 and a beta of 0.39. The company’s fifty day simple moving average is C$26.03 and its two-hundred day simple moving average is C$28.08. Maple Leaf Foods has a twelve month low of C$23.35 and a twelve month high of C$31.87.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings data on Wednesday, November 4th. The company reported C$0.36 EPS for the quarter. Maple Leaf Foods had a net margin of 12.48% and a return on equity of 37.16%. The company had revenue of C$1.03 billion during the quarter. On average, equities analysts predict that Maple Leaf Foods will post 1.43 EPS for the current year.

Insider Transactions at Maple Leaf Foods

In other Maple Leaf Foods news, Director Andrew Gordon Macdonald bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price of C$26.78 per share, with a total value of C$267,800.00. Following the transaction, the director owned 72,200 shares in the company, valued at C$1,933,516. This trade represents a 16.08% increase in their ownership of the stock. Company insiders own 39.87% of the company’s stock.

Key Headlines Impacting Maple Leaf Foods

Here are the key news stories impacting Maple Leaf Foods this week:

• Neutral Sentiment: TD and Stifel cut their price targets to C$35 from C$36, while keeping “buy” ratings; Desjardins lowered its target to C$33 from C$36 and also retained “buy.” RBC trimmed its target to C$33 from C$34 but maintained “outperform.” The new targets imply about 23%–30% upside, tempering the negative signal from the reductions. TD analyst rating
• Negative Sentiment: Scotiabank downgraded Maple Leaf from “sector outperform” to “hold,” despite raising its target to C$33 from C$30. The rating cut signals less conviction in near-term performance. Scotiabank analyst rating
• Negative Sentiment: Reports of rising fuel surcharges and higher feed costs point to cost pressure in poultry. Higher poultry prices may help pass those costs on, but the extent of the offset is unclear. Report on fuel surcharges and feed costs

Maple Leaf Foods Company Profile

Maple Leaf Foods (TSX: MFI) is a purpose-driven, protein-focused, brand-led consumer packaged goods company headquartered in Mississauga, Ontario. It proudly produces responsibly made, delicious food under powerhouse brands that include Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Maple Leaf Mighty Protein, Musafir, Schneiders, Mina Halal, Greenfield Natural Meat Co, LightLife, Field Roast, and Yves Veggie Cuisine. Committed to Raising the Good in Food and bringing customers protein with purpose, Maple Leaf Foods delivers shared value for all its stakeholders by leading the way in safety and sustainability, building loved brands, operating with excellence, developing extraordinary talent, and broadening its impact through innovation and geographic reach.