TD Securities Upgrades Maple Leaf Foods (MFI) to Action List Buy

Maple Leaf Foods (TSE:MFI) was upgraded by research analysts at TD Securities from a “buy” rating to an “action list buy” rating in a note issued to investors on Tuesday. The brokerage currently has a C$39.00 target price on the stock. TD Securities’ target price would suggest a potential upside of 33.15% from the company’s current price.

Several other analysts have also recently weighed in on MFI. Canaccord Genuity raised their target price on shares of Maple Leaf Foods from C$36.00 to C$38.00 in a report on Tuesday, November 27th. CIBC reduced their target price on shares of Maple Leaf Foods from C$37.00 to C$36.00 in a report on Wednesday, November 28th.

Shares of MFI traded up C$2.18 during mid-day trading on Tuesday, hitting C$29.29. 249,698 shares of the company’s stock were exchanged, compared to its average volume of 130,958. The stock has a market capitalization of $3.35 billion and a PE ratio of 37.08. Maple Leaf Foods has a fifty-two week low of C$26.05 and a fifty-two week high of C$34.68. The company has a debt-to-equity ratio of 21.29, a quick ratio of 0.51 and a current ratio of 1.51.

In other news, Director William Geoffrey Beattie bought 1,592 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, December 28th. The shares were purchased at an average price of C$25.56 per share, with a total value of C$40,691.52. Following the completion of the acquisition, the director now directly owns 22,680 shares in the company, valued at C$579,700.80. Also, insider John A. Lederer bought 25,000 shares of Maple Leaf Foods stock in a transaction that occurred on Thursday, December 20th. The stock was purchased at an average cost of C$26.92 per share, for a total transaction of C$673,000.00. Following the acquisition, the insider now owns 75,000 shares of the company’s stock, valued at C$2,019,000.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc operates as a consumer protein company. It produces various food products, including offers prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, turkey, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, and Lightlife.

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