Raymond James Financial Has Lowered Expectations for High Liner Foods (TSE:HLF) Stock Price

High Liner Foods (TSE:HLF) had its target price decreased by Raymond James Financial from C$17.00 to C$15.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 6.84% from the stock’s previous close.

Separately, ATB Cormark Capital Markets cut their price target on High Liner Foods from C$24.00 to C$19.50 and set a “speculative buy” rating for the company in a research note on Monday, April 6th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$18.60.

High Liner Foods Price Performance

TSE:HLF opened at C$14.04 on Wednesday. High Liner Foods has a 1-year low of C$13.13 and a 1-year high of C$19.07. The company has a debt-to-equity ratio of 73.59, a current ratio of 2.18 and a quick ratio of 0.38. The company has a 50 day moving average price of C$15.41 and a 200-day moving average price of C$15.21. The firm has a market cap of C$397.30 million, a price-to-earnings ratio of 11.51 and a beta of 0.64.

High Liner Foods (TSE:HLF) last released its quarterly earnings data on Wednesday, February 25th. The company reported C$0.36 earnings per share for the quarter. High Liner Foods had a net margin of 3.56% and a return on equity of 8.89%. The company had revenue of C$355.65 million during the quarter. Equities research analysts forecast that High Liner Foods will post 1.9858934 EPS for the current year.

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.