Maple Leaf Foods (TSE:MFI) Price Target Lowered to C$42.00 at TD Securities

Maple Leaf Foods (TSE:MFI) had its price objective reduced by analysts at TD Securities from C$43.00 to C$42.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 75.44% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. CIBC lowered their price objective on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research report on Thursday. Stifel Nicolaus increased their target price on shares of Maple Leaf Foods from C$36.50 to C$40.50 and gave the stock a “buy” rating in a report on Friday, August 8th. Royal Bank Of Canada dropped their price target on shares of Maple Leaf Foods from C$38.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 8th. Scotiabank dropped their price objective on shares of Maple Leaf Foods from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 8th. Finally, BMO Capital Markets dropped their price objective on shares of Maple Leaf Foods from C$35.00 to C$33.00 in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Maple Leaf Foods presently has a consensus rating of “Buy” and an average price target of C$35.56.

Maple Leaf Foods Price Performance

Shares of TSE:MFI traded down C$0.98 during midday trading on Thursday, reaching C$23.94. 244,504 shares of the company’s stock were exchanged, compared to its average volume of 232,211. Maple Leaf Foods has a 12 month low of C$19.61 and a 12 month high of C$36.35. The firm has a market capitalization of C$2.98 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 18.07 and a beta of 0.79. The company’s 50 day simple moving average is C$31.83 and its two-hundred day simple moving average is C$29.89. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26.

Insider Buying and Selling

In other news, insider Andreas Liris sold 1,000 shares of Maple Leaf Foods stock in a transaction on Friday, August 15th. The shares were sold at an average price of C$34.77, for a total value of C$34,770.00. Following the completion of the sale, the insider owned 14,001 shares in the company, valued at C$486,814.77. The trade was a 6.67% decrease in their position. Also, insider Olajumoke Fagbemi purchased 2,651 shares of Maple Leaf Foods stock in a transaction that occurred on Wednesday, August 27th. The stock was acquired at an average cost of C$35.71 per share, with a total value of C$94,665.62. Following the transaction, the insider owned 2,679 shares in the company, valued at C$95,665.48. This trade represents a 9,467.86% increase in their position. 39.87% of the stock is owned by company insiders.

Maple Leaf Foods Company Profile

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.