MTY Food Group (TSE:MTY – Get Free Report) had its target price lowered by equities research analysts at Raymond James from C$60.00 to C$55.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 17.55% from the stock’s previous close. 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.
A number of other equities research analysts also recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Monday. Acumen Capital lowered their price target on shares of MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating for the company in a report on Monday. CIBC dropped their target price on shares of MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating on the stock in a research report on Monday. Scotiabank dropped their target price on shares of MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, TD Securities dropped their target price on shares of MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating on the stock in a research report on Monday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$54.29.
Check Out Our Latest Report on MTY Food Group
MTY Food Group Stock Down 0.4 %
MTY Food Group (TSE:MTY – Get Free Report) last posted its quarterly earnings results on Friday, April 12th. The company reported C$0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.83 by C($0.12). The firm had revenue of C$278.64 million for the quarter, compared to the consensus estimate of C$263.20 million. MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. On average, equities research analysts anticipate that MTY Food Group will post 4.0429722 EPS for the current fiscal year.
MTY Food Group Company Profile
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.
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