Raymond James Financial Has Lowered Expectations for MTY Food Group (TSE:MTY) Stock Price

MTY Food Group (TSE:MTY) had its target price cut by analysts at Raymond James Financial from C$45.00 to C$40.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 19.08% from the stock’s current price.

A number of other research firms have also recently commented on MTY. National Bank Financial lowered their price target on shares of MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a report on Monday. Scotia reduced their price objective on MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Monday. TD decreased their target price on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a research report on Monday. Scotiabank lowered 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 research note on Monday, April 13th. Finally, Royal Bank Of Canada dropped their price target on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Monday. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, MTY Food Group has an average rating of “Hold” and a consensus price target of C$42.50.

MTY Food Group Stock Performance

MTY stock traded down C$0.16 during mid-day trading on Monday, hitting C$33.59. The company had a trading volume of 181,811 shares, compared to its average volume of 76,176. The company has a debt-to-equity ratio of 123.64, a quick ratio of 0.56 and a current ratio of 0.73. The firm has a market cap of C$767.23 million, a PE ratio of 4.99, a price-to-earnings-growth ratio of 0.75 and a beta of 1.00. MTY Food Group has a 12 month low of C$31.87 and a 12 month high of C$45.90. The stock’s fifty day moving average price is C$38.59 and its two-hundred day moving average price is C$39.67.

MTY Food Group (TSE:MTY) last released its earnings results on Friday, April 10th. The company reported C$0.98 earnings per share for the quarter. MTY Food Group had a net margin of 9.78% and a return on equity of 13.22%. The firm had revenue of C$267.76 million during the quarter. On average, analysts forecast that MTY Food Group will post 4.4909091 earnings per share for the current fiscal year.

About MTY Food Group

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.