High Liner Foods Inc (TSE:HLF) Receives Consensus Rating of “Moderate Buy” from Analysts

High Liner Foods Inc (TSE:HLF) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$17.42.

A number of equities research analysts have commented on HLF shares. 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 research note 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 research note on Wednesday, April 15th. Ventum Financial set a C$15.50 price target on High Liner Foods and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada decreased their price target on High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 28th.

High Liner Foods Price Performance

HLF opened at C$14.03 on Friday. High Liner Foods has a 12-month low of C$13.13 and a 12-month high of C$19.07. The company has a current ratio of 2.45, a quick ratio of 0.38 and a debt-to-equity ratio of 75.38. The business’s fifty day simple moving average is C$14.50 and its 200-day simple moving average is C$14.81. The company has a market capitalization of C$395.65 million, a price-to-earnings ratio of 11.50 and a beta of 0.67.

High Liner Foods (TSE:HLF) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.54 earnings per share for the quarter. The firm had revenue of C$467.13 million during the quarter. High Liner Foods had a return on equity of 7.08% and a net margin of 2.68%. On average, equities research analysts anticipate that High Liner Foods will post 1.9858934 earnings per share for the current fiscal year.

High Liner Foods Dividend Announcement

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. This represents a $0.70 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Wednesday, March 4th. High Liner Foods’s dividend payout ratio (DPR) is presently 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.