Ventum Financial Cuts Maple Leaf Foods (TSE:MFI) Price Target to C$37.00

Maple Leaf Foods (TSE:MFI) had its price objective dropped by equities research analysts at Ventum Financial from C$39.00 to C$37.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s target price indicates a potential upside of 37.24% from the stock’s previous close.

A number of other brokerages have also recently weighed in on MFI. Desjardins set a C$39.00 price target on shares of Maple Leaf Foods and gave the stock a “buy” rating in a research report on Thursday, June 4th. Royal Bank Of Canada raised their price objective on Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce set a C$36.00 target price on Maple Leaf Foods and gave the stock an “outperformer” rating in a report on Monday, July 27th. Stifel Nicolaus set a C$36.00 target price on Maple Leaf Foods and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, TD Securities upgraded Maple Leaf Foods to a “strong-buy” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat, Maple Leaf Foods currently has an average rating of “Buy” and a consensus target price of C$36.33.

Maple Leaf Foods Trading Down 1.8%

Shares of TSE:MFI traded down C$0.50 during mid-day trading on Thursday, reaching C$26.96. The stock had a trading volume of 193,340 shares, compared to its average volume of 273,229. The firm has a market cap of C$3.35 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 18.07 and a beta of 0.32. The firm has a 50 day simple moving average of C$29.74 and a two-hundred day simple moving average of C$29.00. The company has a current ratio of 1.34, a quick ratio of 0.54 and a debt-to-equity ratio of 91.78. Maple Leaf Foods has a twelve month low of C$23.35 and a twelve month high of C$36.35.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.44 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 business had revenue of C$1.02 billion for the quarter. On average, research analysts predict that Maple Leaf Foods will post 1.4334187 EPS for the current fiscal year.

Insider Transactions at Maple Leaf Foods

In related news, insider Randall Huffman sold 5,075 shares of the business’s stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$29.45, for a total value of C$149,458.75. Following the sale, the insider directly owned 89,044 shares of the company’s stock, valued at approximately C$2,622,345.80. The trade was a 5.39% decrease in their position. Also, insider Adam John Grogan sold 32,063 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$29.37, for a total transaction of C$941,690.31. Following the completion of the sale, the insider directly owned 41,277 shares in the company, valued at C$1,212,305.49. This represents a 43.72% decrease in their ownership of the stock. Insiders sold 137,829 shares of company stock valued at $4,036,811 over the last quarter. Corporate insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

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.