Desjardins Issues Pessimistic Forecast for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its target price cut by stock analysts at Desjardins from C$36.00 to C$33.00 in a report issued on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins‘s target price would indicate a potential upside of 22.09% from the company’s current price.

Several other equities analysts also recently commented on MFI. Ventum Financial dropped their target price on 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. Scotiabank lowered their price objective on Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 13th. Ventum Capital dropped 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 report on Wednesday, October 21st. 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. Finally, Canaccord Genuity Group cut their target price 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 report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$34.92.

Maple Leaf Foods Stock Performance

TSE MFI traded down C$0.25 during trading on Thursday, reaching C$27.03. The company’s stock had a trading volume of 250,984 shares, compared to its average volume of 275,544. The firm has a 50 day moving average price of C$26.02 and a 200 day moving average price 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 firm has a market capitalization of C$3.37 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 18.07 and a beta of 0.26. The company has a current ratio of 1.56, a quick ratio of 0.54 and a debt-to-equity ratio of 97.47.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings results on Wednesday, November 4th. The company reported C$0.36 EPS for the quarter. Maple Leaf Foods had a return on equity of 36.83% and a net margin of 13.08%. The business had revenue of C$1.03 billion during 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 other news, Director Andrew Gordon Macdonald acquired 10,000 shares of Maple Leaf Foods stock in a transaction dated Friday, September 4th. The shares were bought at an average cost of C$26.78 per share, with a total value of C$267,800.00. Following the purchase, the director owned 72,200 shares in the company, valued at C$1,933,516. This trade represents a 16.08% increase in their position. Insiders own 39.87% of the company’s stock.

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.