Maple Leaf Foods (TSE:MFI) Price Target Cut to C$35.00 by Analysts at Stifel Nicolaus

Maple Leaf Foods (TSE:MFI) had its price objective lowered by equities research analysts at Stifel Nicolaus from C$36.00 to C$35.00 in a research report issued on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus‘s price target suggests a potential upside of 29.49% from the stock’s previous close.

MFI has been the topic of several other research reports. Scotiabank downgraded shares of Maple Leaf Foods from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the company from C$30.00 to C$33.00 in a report on Thursday. Desjardins cut their price target on shares of Maple Leaf Foods from C$36.00 to C$33.00 and set a “buy” rating for the company in a report on Thursday. Canadian Imperial Bank of Commerce set a C$36.00 price target on shares of Maple Leaf Foods and gave the stock an “outperformer” rating in a report on Monday, July 27th. Ventum Financial reduced their price objective on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, TD lowered their price objective on Maple Leaf Foods from C$36.00 to C$35.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$34.92.

Maple Leaf Foods Stock Performance

TSE:MFI traded down C$0.25 during midday trading on Thursday, reaching C$27.03. The stock had a trading volume of 250,984 shares, compared to its average volume of 275,544. The firm has a fifty day simple moving average of C$26.02 and a two-hundred day simple moving average of C$28.07. Maple Leaf Foods has a 12-month low of C$23.35 and a 12-month high of C$31.87. The company has a quick ratio of 0.54, a current ratio of 1.56 and a debt-to-equity ratio of 97.47. The stock has a market cap of C$3.37 billion, a P/E ratio of 6.64, a P/E/G ratio of 18.07 and a beta of 0.26.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C$0.36 earnings per share (EPS) for the quarter. The company had revenue of C$1.03 billion for the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. On average, equities analysts expect that Maple Leaf Foods will post 1.43 EPS for the current year.

Insiders Place Their Bets

In other Maple Leaf Foods news, Director Andrew Gordon Macdonald acquired 10,000 shares of the business’s stock in a transaction on Friday, September 4th. The stock was purchased at an average price of C$26.78 per share, for a total transaction of C$267,800.00. Following the completion of the transaction, the director owned 72,200 shares of the company’s stock, valued at C$1,933,516. The trade was a 16.08% increase in their position. 39.87% of the stock is owned by corporate insiders.

About Maple Leaf Foods

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.