High Liner Foods Inc (HLF.TO) – What Are Analysts Saying About This Stock?

High Liner Foods Inc (TSE:HLF) has been given an average recommendation of “Hold” by the six ratings firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation. 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 brokerages have commented on HLF. RBC Dominion Securities increased their price objective on High Liner Foods from C$18.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Tuesday. Ventum lifted their target price on High Liner Foods from C$16.50 to C$27.00 and gave the company a “neutral” rating in a research note on Tuesday. Ventum Capital set a C$16.50 target price on High Liner Foods and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. ATB Cormark Capital Markets downgraded High Liner Foods from a “speculative buy” rating to a “tender” rating and boosted their target price for the stock from C$21.00 to C$27.00 in a research report on Tuesday. Finally, Raymond James Financial upped their price target on High Liner Foods from C$16.50 to C$27.00 and gave the company a “market perform” rating in a research note on Tuesday.

High Liner Foods News Summary

Here are the key news stories impacting High Liner Foods this week:

• Positive Sentiment: Umios will acquire High Liner Foods for C$27.00 per share in cash, providing shareholders with a clearly defined takeover value and a substantial valuation uplift compared with the company’s previous trading levels. High Liner Foods Enters into Agreement to Be Acquired by Umios for C$27.00 per Share in Cash
• Positive Sentiment: The transaction gives investors near-term deal certainty and explains why High Liner Foods shares are trading close to C$27.00 rather than being valued primarily on standalone earnings expectations. High Liner Foods to be bought by Umios in deal valued at $804M

High Liner Foods Price Performance

Shares of HLF stock remained flat at C$26.76 during trading hours on Tuesday. 366,307 shares of the stock were exchanged, compared to its average volume of 39,852. High Liner Foods has a 12 month low of C$13.13 and a 12 month high of C$26.83. The business has a fifty day moving average price of C$14.86 and a two-hundred day moving average price of C$14.87. The firm has a market cap of C$749.41 million, a P/E ratio of 30.41 and a beta of 0.57. The company has a debt-to-equity ratio of 80.12, a quick ratio of 0.38 and a current ratio of 2.29.

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

High Liner Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were given a $0.1750 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, September 1st. High Liner Foods’s dividend payout ratio (DPR) is presently 57.23%.

About High Liner Foods

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.