High Liner Foods (TSE:HLF) Sets New 12-Month High – Should You Buy?

High Liner Foods Inc (TSE:HLF) reached a new 52-week high during trading on Tuesday. The stock traded as high as C$26.83 and last traded at C$26.80, with a volume of 34,023 shares traded. The stock had previously closed at C$26.78.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. ATB Cormark Capital Markets lowered High Liner Foods from a “speculative buy” rating to a “tender” rating and increased their price objective for the company from C$21.00 to C$27.00 in a report on Tuesday, October 27th. Canaccord Genuity Group downgraded High Liner Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Ventum Capital set a C$16.50 price objective on shares of High Liner Foods and gave the company a “neutral” rating in a report on Wednesday, October 21st. Raymond James Financial increased their price objective on shares of High Liner Foods from C$16.50 to C$27.00 and gave the company a “market perform” rating in a research report on Tuesday, October 27th. Finally, RBC Dominion Securities lifted their target price 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. Seven investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, High Liner Foods has an average rating of “Hold” and a consensus target price of C$21.69.

High Liner Foods Stock Performance

The company has a market capitalization of C$749.97 million, a price-to-earnings ratio of 30.43 and a beta of 0.57. The stock has a fifty day moving average price of C$15.99 and a two-hundred day moving average price of C$15.16. The company has a quick ratio of 0.38, a current ratio of 2.29 and a debt-to-equity ratio of 80.12.

High Liner Foods (TSE:HLF) last posted its quarterly earnings data 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 net margin of 2.30% and a return on equity of 6.30%. During the same period in the prior year, the firm earned $0.28 EPS. As a group, analysts forecast that High Liner Foods Inc 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. Stockholders of record on Tuesday, September 15th were given a dividend of $0.1750 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.6%. High Liner Foods’s dividend payout ratio (DPR) is presently 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.