Maple Leaf Foods (TSE:MFI) Given a C$36.00 Price Target at Stifel Nicolaus

Maple Leaf Foods (TSE:MFI) received a C$36.00 price objective from stock analysts at Stifel Nicolaus in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 20.93% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group upped their price target on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Ventum Capital lifted their price objective on Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Ventum Financial set a C$37.00 price objective on Maple Leaf Foods and gave the company a “buy” rating in a research note on Wednesday, April 22nd. TD Securities upgraded Maple Leaf Foods to a “strong-buy” rating in a research report on Monday, June 22nd. Finally, Scotiabank raised Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat.com, Maple Leaf Foods presently has a consensus rating of “Buy” and an average target price of C$36.33.

Maple Leaf Foods Trading Down 3.8%

Shares of TSE MFI traded down C$1.17 during midday trading on Thursday, reaching C$29.77. The stock had a trading volume of 241,159 shares, compared to its average volume of 285,750. The company’s 50 day moving average price is C$29.93 and its 200 day moving average price is C$28.39. The company has a debt-to-equity ratio of 91.78, a quick ratio of 0.54 and a current ratio of 1.34. Maple Leaf Foods has a twelve month low of C$23.35 and a twelve month high of C$36.35. The firm has a market cap of C$3.70 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 18.07 and a beta of 0.34.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. The company had revenue of C$962.85 million during the quarter. As a group, sell-side analysts expect that Maple Leaf Foods will post 1.4334187 EPS for the current year.

Insider Buying and Selling at Maple Leaf Foods

In other Maple Leaf Foods news, Director Curtis Eugene Frank sold 96,191 shares of the firm’s stock in a transaction that occurred on Monday, May 25th. The stock was sold at an average price of C$29.25, for a total value of C$2,813,586.75. Following the completion of the sale, the director owned 101,469 shares of the company’s stock, valued at approximately C$2,967,968.25. This trade represents a 48.66% decrease in their ownership of the stock. Also, Director Jonathan Wallace Ferguson Mccain acquired 7,500 shares of Maple Leaf Foods stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of C$27.92 per share, with a total value of C$209,400.00. Following the purchase, the director directly owned 148,000 shares of the company’s stock, valued at approximately C$4,132,160. This trade represents a 5.34% increase in their position. In the last quarter, insiders acquired 12,500 shares of company stock worth $350,102 and sold 142,699 shares worth $4,176,580. Corporate insiders own 39.87% of the company’s stock.

About Maple Leaf Foods

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.