Maple Leaf Foods (MFI – Research Report), the Consumer Goods sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. The Consumer Goods company, Maple Leaf Foods (TSX: MFI) has just received a rating update from a Wall Street analyst.
Chen has an average return of 1.2% when recommending Maple Leaf Foods.
According to TipRanks.com, Chen is ranked #6605 out of 8601 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Maple Leaf Foods with a C$34.00 average price target, representing a 35.4% upside. In a report issued on November 3, RBC Capital also maintained a Buy rating on the stock with a C$32.00 price target.
Based on Maple Leaf Foods’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$1.25 billion and GAAP net loss of C$4.27 million. In comparison, last year the company earned revenue of C$1.23 billion and had a GAAP net loss of C$248 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 Friday at C$25.58.
Read More on TSE:MFI:
