Maple Leaf Foods (TSE:MFI) Given a C$29.00 Price Target by National Bankshares Analysts

Maple Leaf Foods (TSE:MFI) has been given a C$29.00 price objective by equities researchers at National Bankshares in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 19.49% from the company’s previous close.

Several other analysts have also recently commented on the stock. BMO Capital Markets lowered their target price on shares of Maple Leaf Foods from C$31.00 to C$29.00 in a research note on Friday, February 23rd. Scotiabank decreased their price target on shares of Maple Leaf Foods from C$37.50 to C$33.50 and set an “outperform” rating on the stock in a report on Friday, February 23rd. TD Securities lowered shares of Maple Leaf Foods from an “action list buy” rating to a “buy” rating and decreased their price target for the company from C$40.00 to C$31.00 in a report on Friday, February 23rd. Canaccord Genuity Group reduced their target price on shares of Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Finally, CIBC reduced their target price on shares of Maple Leaf Foods from C$36.00 to C$32.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$30.50.

Maple Leaf Foods Trading Up 2.3 %

Shares of MFI opened at C$24.27 on Monday. The company has a debt-to-equity ratio of 140.69, a current ratio of 1.17 and a quick ratio of 0.54. The firm has a 50 day simple moving average of C$23.48 and a 200-day simple moving average of C$24.80. Maple Leaf Foods has a 1-year low of C$21.52 and a 1-year high of C$31.63. The stock has a market cap of C$2.97 billion, a price-to-earnings ratio of -23.56, a price-to-earnings-growth ratio of 18.07 and a beta of 0.49.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Thursday, February 22nd. The company reported C$0.08 EPS for the quarter. The firm had revenue of C$1.19 billion during the quarter. Maple Leaf Foods had a negative net margin of 2.57% and a negative return on equity of 7.86%. Equities analysts forecast that Maple Leaf Foods will post 0.9354965 EPS for the current fiscal year.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.