High Liner Foods (TSE:HLF) Price Target Raised to C$27.00

High Liner Foods (TSE:HLF) had its target price hoisted by equities researchers at Ventum from C$16.50 to C$27.00 in a research note issued on Tuesday, BayStreet reports. The brokerage presently has a “neutral” rating on the stock. Ventum‘s target price would indicate a potential upside of 0.82% from the company’s current price.

HLF has been the subject of a number of other reports. 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 lowered High Liner Foods from a “speculative buy” rating to a “tender” rating and upped their price objective for the company from C$21.00 to C$27.00 in a report on Tuesday. Finally, RBC Dominion Securities raised their target price on High Liner Foods from C$18.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Tuesday. Six investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$21.69.

High Liner Foods Stock Performance

High Liner Foods stock traded up C$0.02 during mid-day trading on Tuesday, hitting C$26.78. 315,786 shares of the company’s stock traded hands, compared to its average volume of 39,518. The firm has a 50 day moving average price of C$14.86 and a 200 day moving average price of C$14.87. The company has a quick ratio of 0.38, a current ratio of 2.29 and a debt-to-equity ratio of 80.12. The company has a market cap of C$749.97 million, a PE ratio of 30.43 and a beta of 0.57. 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 released its quarterly earnings results on Thursday, August 13th. The company reported C$0.63 earnings per share (EPS) for the quarter. The company 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 previous year, the company posted $0.28 EPS. On average, equities analysts forecast that High Liner Foods will post 1.99 EPS for the current year.

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.