The Consumer Goods sector company, Maple Leaf Foods (MFI – Research Report), has received a rating update from a Wall Street analyst today. The Consumer Goods company, Maple Leaf Foods (TSX: MFI) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Doumet is a 3-star analyst with an average return of 0.9% and a 48.0% success rate. Doumet covers the NA sector, focusing on stocks such as Restaurant Brands International, Gildan Activewear, and Canadian Tire.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Maple Leaf Foods with a C$36.40 average price target, a 34.9% upside from current levels. In a report issued on October 19, BMO Capital also reiterated a Buy rating on the stock with a C$33.00 price target.
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$25.28.
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