Raymond James Lowers MTY Food Group (TSE:MTY) Price Target to C$55.00

MTY Food Group (TSE:MTY) had its price target decreased by stock analysts at Raymond James from C$60.00 to C$55.00 in a report issued on Tuesday, BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 17.55% from the stock’s current price. Raymond James also issued estimates for MTY Food Group’s Q2 2024 earnings at $0.99 EPS, Q3 2024 earnings at $1.05 EPS, Q4 2024 earnings at $0.80 EPS, FY2024 earnings at $3.56 EPS and FY2025 earnings at $4.30 EPS.

MTY has been the topic of several other research reports. Royal Bank of Canada cut their target price on MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating on the stock in a research report on Monday. CIBC dropped their target price on MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating on the stock in a report on Monday. National Bankshares dropped their target price on MTY Food Group from C$59.00 to C$57.00 and set an “outperform” rating on the stock in a report on Monday. Scotiabank dropped their price objective on MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating on the stock in a report on Monday. Finally, Acumen Capital dropped their price objective on MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating on the stock in a report on Monday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, MTY Food Group presently has an average rating of “Hold” and a consensus target price of C$54.29.

MTY Food Group Price Performance

MTY stock opened at C$46.79 on Tuesday. The company has a debt-to-equity ratio of 154.98, a current ratio of 0.61 and a quick ratio of 0.57. The firm has a market capitalization of C$1.13 billion, a P/E ratio of 11.01, a P/E/G ratio of 0.75 and a beta of 1.98. The business’s 50-day moving average is C$51.47 and its two-hundred day moving average is C$53.09. MTY Food Group has a 1 year low of C$44.48 and a 1 year high of C$68.60.

MTY Food Group (TSE:MTY) last issued its earnings results on Friday, April 12th. The company reported C$0.71 earnings per share for the quarter, missing the consensus estimate of C$0.83 by C($0.12). MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. The business had revenue of C$278.64 million for the quarter, compared to analyst estimates of C$263.20 million. Analysts anticipate that MTY Food Group will post 4.0429722 earnings per share for the current fiscal year.

About MTY Food Group

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.