National Bank Financial Issues Pessimistic Forecast for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its target price dropped by analysts at National Bank Financial from C$34.00 to C$29.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 17.55% from the stock’s current price.

A number of other brokerages have also recently issued reports on MFI. TD Securities upgraded Maple Leaf Foods to a “strong-buy” rating in a research note on Monday, June 22nd. Scotiabank dropped their price objective on shares of Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce set a C$36.00 target price on shares of Maple Leaf Foods and gave the stock an “outperformer” rating in a research report on Monday, July 27th. Desjardins reduced their target price on shares of Maple Leaf Foods from C$39.00 to C$36.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Finally, Ventum Financial reduced their target price 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 note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$35.67.

Maple Leaf Foods Stock Performance

TSE MFI traded down C$0.39 on Wednesday, hitting C$24.67. 142,679 shares of the stock traded hands, compared to its average volume of 278,128. The company has a debt-to-equity ratio of 97.47, a quick ratio of 0.54 and a current ratio of 1.56. The business’s fifty day moving average is C$26.31 and its two-hundred day moving average is C$28.52. Maple Leaf Foods has a 12 month low of C$23.35 and a 12 month high of C$31.87. The firm has a market capitalization of C$3.08 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 18.07 and a beta of 0.26.

Maple Leaf Foods (TSE:MFI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.44 EPS for the quarter. Maple Leaf Foods had a return on equity of 36.83% and a net margin of 13.08%. The firm had revenue of C$1.02 billion for the quarter. As a group, equities analysts anticipate that Maple Leaf Foods will post 1.43 EPS for the current fiscal year.

Insider Transactions at Maple Leaf Foods

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

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. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.