High Liner Foods (TSE:HLF) Price Target Lowered to C$19.50 at ATB Cormark Capital Markets

High Liner Foods (TSE:HLF) had its price objective cut by ATB Cormark Capital Markets from C$24.00 to C$19.50 in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have a speculative buy rating on the stock.

High Liner Foods Trading Down 2.0%

TSE HLF opened at C$14.07 on Monday. The company’s fifty day simple moving average is C$15.67 and its 200-day simple moving average is C$15.33. High Liner Foods has a 52 week low of C$13.13 and a 52 week high of C$19.07. The company has a current ratio of 2.18, a quick ratio of 0.38 and a debt-to-equity ratio of 73.59. The stock has a market cap of C$398.15 million, a P/E ratio of 11.53 and a beta of 0.64.

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

High Liner Foods Dividend Announcement

The business also recently declared 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 5.0%. High Liner Foods’s dividend payout ratio is currently 40.17%.

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.