High Liner Foods Inc (TSE:HLF – Get Free Report) shares hit a new 52-week high on Tuesday. The company traded as high as C$26.83 and last traded at C$26.80, with a volume of 34,023 shares. The stock had previously closed at C$26.78.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Ventum upped their price target on High Liner Foods from C$16.50 to C$27.00 and gave the company a “neutral” rating in a report on Tuesday, October 27th. Raymond James Financial lifted their target price on shares of High Liner Foods from C$16.50 to C$27.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 27th. ATB Cormark Capital Markets cut High Liner Foods from a “speculative buy” rating to a “tender” rating and increased their price target for the company from C$21.00 to C$27.00 in a report on Tuesday, October 27th. Canaccord Genuity Group downgraded shares of High Liner Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Finally, Ventum Capital set a C$16.50 target price on shares of High Liner Foods and gave the company a “neutral” rating in a report on Wednesday, October 21st. Seven investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$21.69.
High Liner Foods Stock Performance
The business’s fifty day moving average is C$16.45 and its two-hundred day moving average is C$15.28. The stock has a market capitalization of C$751.09 million, a PE ratio of 30.48 and a beta of 0.57. The company has a quick ratio of 0.38, a current ratio of 2.29 and a debt-to-equity ratio of 80.12.
High Liner Foods (TSE:HLF – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported C$0.63 earnings per share for the quarter. The firm had revenue of C$382.35 million for the quarter. High Liner Foods had a net margin of 2.30% and a return on equity of 6.30%. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, research analysts anticipate that High Liner Foods Inc will post 1.99 EPS for the current fiscal year.
High Liner Foods Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a $0.1750 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.70 annualized dividend and a yield of 2.6%. High Liner Foods’s dividend payout ratio (DPR) is presently 57.23%.
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.
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