High Liner Foods Inc (TSE:HLF) Receives C$18.60 Consensus Target Price from Brokerages

High Liner Foods Inc (TSE:HLF) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$18.08.

A number of analysts have recently issued reports on the stock. Ventum Financial set a C$15.50 price objective on shares of High Liner Foods and gave the stock a “neutral” rating in a research note on Wednesday. ATB Cormark Capital Markets reduced 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 note on Monday, April 6th. Finally, Raymond James Financial reduced 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 note on Wednesday, April 15th.

High Liner Foods Stock Up 1.4%

HLF opened at C$13.83 on Wednesday. The company has a current ratio of 2.18, a quick ratio of 0.38 and a debt-to-equity ratio of 73.59. 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 market capitalization of C$390.01 million, a PE ratio of 11.34 and a beta of 0.64. The firm’s 50 day simple moving average is C$15.12 and its two-hundred day simple moving average is C$15.08.

High Liner Foods (TSE:HLF) last released its quarterly earnings results 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 business had revenue of C$355.65 million for the quarter. As a group, equities analysts forecast that High Liner Foods will post 1.9858934 EPS for the current year.

High Liner Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Sunday, March 15th were paid a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.1%. High Liner Foods’s dividend payout ratio is 40.17%.

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.