High Liner Foods Inc (TSE:HLF) Receives Consensus Rating of “Hold” from Brokerages

Shares of High Liner Foods Inc (TSE:HLF) have received an average recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$16.70.

A number of equities research analysts have recently issued reports on HLF shares. Ventum Financial set a C$15.50 price objective on shares of High Liner Foods and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Raymond James Financial cut their price objective on shares of High Liner Foods from C$17.00 to C$15.00 and set a “market perform” rating for the company in a research report on Wednesday, April 15th. ATB Cormark Capital Markets cut their price objective on shares of High Liner Foods from C$24.00 to C$19.50 and set a “speculative buy” rating for the company in a research report on Monday, April 6th. Finally, Royal Bank Of Canada cut their price objective on shares of High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 28th.

High Liner Foods Trading Down 0.1%

Shares of HLF stock opened at C$14.38 on Friday. High Liner Foods has a 1 year low of C$13.13 and a 1 year high of C$19.07. The firm has a fifty day moving average price of C$14.30 and a 200-day moving average price of C$14.72. The company has a debt-to-equity ratio of 75.38, a current ratio of 2.45 and a quick ratio of 0.38. The company has a market cap of C$403.75 million, a price-to-earnings ratio of 14.67 and a beta of 0.67.

High Liner Foods (TSE:HLF) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.54 earnings per share (EPS) for the quarter. High Liner Foods had a net margin of 2.68% and a return on equity of 7.08%. The firm had revenue of C$467.13 million during the quarter. As a group, equities analysts predict that High Liner Foods will post 1.9858934 earnings per share for the current year.

High Liner Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Sunday, March 15th were issued a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.70 annualized dividend and a yield of 4.9%. High Liner Foods’s dividend payout ratio is currently 51.08%.

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.