MTY Food Group Inc. (TSE:MTY) Receives C$47.33 Consensus Target Price from Analysts

MTY Food Group Inc. (TSE:MTY) has been given an average rating of “Hold” by the seven research firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$46.00.

A number of equities research analysts have weighed in on the company. Raymond James Financial reduced their target price on MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a report on Monday. Royal Bank Of Canada reduced their target price on MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Monday. TD Securities raised their target price on MTY Food Group from C$37.00 to C$45.00 and gave the company a “hold” rating in a report on Friday, February 20th. Scotiabank reduced their target price on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Monday. Finally, TD reduced their target price on MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating on the stock in a report on Monday.

MTY Food Group Trading Down 3.1%

Shares of MTY stock opened at C$37.65 on Friday. The stock’s fifty day moving average price is C$40.45 and its two-hundred day moving average price is C$38.56. The company has a market cap of C$859.96 million, a PE ratio of 7.27, a P/E/G ratio of 0.75 and a beta of 0.85. MTY Food Group has a fifty-two week low of C$32.92 and a fifty-two week high of C$46.36. The company has a debt-to-equity ratio of 127.62, a quick ratio of 0.57 and a current ratio of 0.69.

MTY Food Group (TSE:MTY) last issued its earnings results on Friday, April 10th. The company reported C$0.98 earnings per share for the quarter. The firm had revenue of C$267.77 million for the quarter. MTY Food Group had a return on equity of 18.59% and a net margin of 13.14%. Equities analysts predict that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

MTY Food Group News Roundup

Here are the key news stories impacting MTY Food Group this week:

• Negative Sentiment: Papa Murphy’s continued to face operational challenges in Q1, which can pressure MTY’s U.S. franchise revenue and same-store sales if the brand’s recovery remains slow. Papa Murphy’s challenges continued in Q1
• Negative Sentiment: Raymond James cut its price target to C$45.00 and set a “market perform” rating — a downgrade that signals less upside than before and may reduce buy-side conviction. Raymond James price target cut
• Negative Sentiment: RBC lowered its target to C$46.00 and moved to “sector perform”, reducing analysts’ valuation support and likely weighing on sentiment. RBC price target cut
• Negative Sentiment: TD cut its target to C$42.00 and kept a “hold” rating, trimming expected upside and signaling more cautious near?term expectations. TD price target cut
• Negative Sentiment: Scotiabank trimmed its target to C$45.00 with a “sector perform” stance, adding to the cluster of analyst downgrades pressuring the stock. Scotiabank price target cut

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.