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 target by National Bankshares in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 19.49% from the stock’s current price.

A number of other equities analysts also recently weighed in on MFI. Scotiabank dropped their target price on shares of Maple Leaf Foods from C$37.50 to C$33.50 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Royal Bank of Canada lowered their price target on shares of Maple Leaf Foods from C$32.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Canaccord Genuity Group lowered their price target on shares of Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. BMO Capital Markets lowered their price target on shares of Maple Leaf Foods from C$31.00 to C$29.00 in a research report on Friday, February 23rd. Finally, TD Securities cut shares of Maple Leaf Foods from an “action list buy” rating to a “buy” rating and lowered their price target for the stock from C$40.00 to C$31.00 in a research report on Friday, February 23rd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$30.50.

Maple Leaf Foods Trading Up 2.3 %

Shares of TSE MFI opened at C$24.27 on Monday. Maple Leaf Foods has a 1-year low of C$21.52 and a 1-year high of C$31.63. The company has a market cap of C$2.97 billion, a PE ratio of -23.56, a P/E/G ratio of 18.07 and a beta of 0.49. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 140.69. The company has a 50-day moving average of C$23.48 and a two-hundred day moving average of C$24.80.

Maple Leaf Foods (TSE:MFI) last announced its earnings results on Thursday, February 22nd. The company reported C$0.08 earnings per share for the quarter. Maple Leaf Foods had a negative net margin of 2.57% and a negative return on equity of 7.86%. The company had revenue of C$1.19 billion during the quarter. As a group, equities analysts expect that Maple Leaf Foods will post 0.9354965 earnings per share 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.