High Liner Foods (TSE:HLF) Upgraded by Ventum Financial to “Hold” Rating

Ventum Financial upgraded shares of High Liner Foods (TSE:HLF) to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. 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 on the stock 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 on the stock in a report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently 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$13.83 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 2.18 and a debt-to-equity ratio of 73.59. The business’s 50-day simple moving average is C$15.27 and its two-hundred day simple moving average is C$15.12. The stock has a market cap of C$390.01 million, a PE ratio of 11.34 and a beta of 0.64. High Liner Foods has a 52 week low of C$13.13 and a 52 week high of C$19.07.

High Liner Foods (TSE:HLF) last posted its quarterly earnings results on Wednesday, February 25th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$355.65 million for the quarter. High Liner Foods had a return on equity of 8.89% and a net margin of 3.56%. As a group, analysts forecast that High Liner Foods will post 1.9858934 EPS for the current fiscal 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 given a dividend of $0.175 per share. The ex-dividend date 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 (DPR) is presently 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.