TD Securities Upgrades Maple Leaf Foods (TSE:MFI) to Strong-Buy

by · The Markets Daily

Maple Leaf Foods (TSE:MFI – Get Free Report) was upgraded by analysts at TD Securities to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also weighed in on MFI. Ventum Capital increased their target price on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Ventum Financial set a C$37.00 price target on shares of Maple Leaf Foods and gave the company a “buy” rating in a research note on Wednesday, April 22nd. National Bank Financial boosted their price target on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Royal Bank Of Canada increased their price objective on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Desjardins set a C$39.00 target price on shares of Maple Leaf Foods and gave the company a “buy” rating in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$36.33.

View Our Latest Analysis on Maple Leaf Foods

Maple Leaf Foods Price Performance

TSE:MFI opened at C$30.23 on Monday. Maple Leaf Foods has a 52 week low of C$23.35 and a 52 week high of C$36.35. The stock’s fifty day moving average is C$29.73 and its two-hundred day moving average is C$27.93. The company has a market capitalization of C$3.76 billion, a P/E ratio of 7.18, a P/E/G ratio of 18.07 and a beta of 0.35. The company has a quick ratio of 0.54, a current ratio of 1.34 and a debt-to-equity ratio of 91.78.

Maple Leaf Foods (TSE:MFI – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. The business had revenue of C$962.85 million during the quarter. Maple Leaf Foods had a return on equity of 36.56% and a net margin of 12.44%. Equities analysts expect that Maple Leaf Foods will post 1.4334187 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jonathan Wallace Ferguson Mccain acquired 7,500 shares of Maple Leaf Foods stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of C$27.92 per share, for a total transaction of C$209,400.00. Following the completion of the purchase, the director owned 148,000 shares in the company, valued at approximately C$4,132,160. The trade was a 5.34% increase in their ownership of the stock. Also, insider Andreas Liris sold 4,870 shares of Maple Leaf Foods stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$28.70, for a total value of C$139,769.00. Following the completion of the transaction, the insider owned 13,000 shares of the company’s stock, valued at approximately C$373,100. This trade represents a 27.25% decrease in their ownership of the stock. Over the last quarter, insiders have acquired 12,500 shares of company stock valued at $350,102 and have sold 142,699 shares valued at $4,176,580. 39.87% of the stock is currently owned by insiders.

Maple Leaf Foods Company Profile

(Get Free Report)

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.

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