High Liner Foods Inc (TSE:HLF) Stock Has Average Price Target of C$21.69

Shares of High Liner Foods Inc (TSE:HLF) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$21.69.

A number of equities research analysts have weighed in on the stock. ATB Cormark Capital Markets downgraded shares of High Liner Foods from a “speculative buy” rating to a “tender” rating and upped their price target for the company from C$21.00 to C$27.00 in a report on Tuesday, October 27th. RBC Dominion Securities lifted their price objective on shares of High Liner Foods from C$18.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 27th. Ventum boosted their target price on shares of High Liner Foods from C$16.50 to C$27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 27th. Canaccord Genuity Group lowered shares of High Liner Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Finally, Ventum Capital set a C$16.50 target price on shares of High Liner Foods and gave the company a “neutral” rating in a research note on Wednesday, October 21st.

High Liner Foods Stock Up 0.0%

HLF opened at C$26.79 on Tuesday. The company has a debt-to-equity ratio of 80.12, a quick ratio of 0.38 and a current ratio of 2.29. The company has a market capitalization of C$750.25 million, a PE ratio of 30.44 and a beta of 0.57. The stock’s fifty day moving average is C$15.99 and its 200-day moving average is C$15.16. High Liner Foods has a one year low of C$13.13 and a one year high of C$26.83.

High Liner Foods (TSE:HLF) last announced its earnings results on Thursday, August 13th. The company reported C$0.63 earnings per share for the quarter. The business had revenue of C$382.35 million during the quarter. High Liner Foods had a return on equity of 6.30% and a net margin of 2.30%. During the same period in the prior year, the business earned $0.28 EPS. On average, equities analysts predict that High Liner Foods will post 1.99 EPS for the current fiscal year.

High Liner Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were issued a $0.1750 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.70 annualized dividend and a dividend yield of 2.6%. High Liner Foods’s dividend payout ratio is currently 57.23%.

High Liner Foods Company Profile

High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.