High Liner Foods (TSE:HLF) Stock Rating Upgraded by Ventum Financial

High Liner Foods (TSE:HLF) was upgraded by investment analysts at Ventum Financial to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on HLF. ATB Cormark Capital Markets decreased 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 report on Monday, April 6th. Raymond James Financial decreased their price target on High Liner Foods from C$17.00 to C$15.00 and set a “market perform” rating for the company in a report on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, High Liner Foods presently has an average rating of “Moderate Buy” and an average target price of C$18.08.

High Liner Foods Trading Down 1.4%

HLF opened at C$13.64 on Tuesday. High Liner Foods has a 12 month low of C$13.13 and a 12 month high of C$19.07. The stock has a market capitalization of C$384.65 million, a price-to-earnings ratio of 11.18 and a beta of 0.64. 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 business has a fifty day moving average price of C$15.22 and a 200 day moving average price of C$15.11.

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