A Wall Street analyst has provided a review for the Consumer Goods company yesterday, but retained the same rating on the stock. Analyst Tamy Chen from BMO Capital reiterated a Buy rating on Maple Leaf Foods (MFI – Research Report), with a C$33.00 price target.
According to TipRanks.com, Chen is ranked #6705 out of 8571 analysts.
Currently, the analyst consensus on Maple Leaf Foods is a Strong Buy with an average price target of C$36.60.
Based on Maple Leaf Foods’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$1.27 billion and GAAP net loss of C$53.68 million. In comparison, last year the company earned revenue of C$1.2 billion and had a GAAP net loss of C$64.86 million.
Maple Leaf Foods Inc is a consumer packaged meats company, originally from Canada. The company produces prepared meats and meals, fresh pork, and poultry and turkey products. The firm also has agribusiness operations. These operations supply livestock to the meat products business operations. The company’s main markets are Canada, the United States, Mexico, and Japan. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.
The company’s shares closed last Thursday at C$24.61.
