High Liner Foods (TSE:HLF) Rating Lowered to “Tender” at ATB Cormark Capital Markets

High Liner Foods (TSE:HLF) was downgraded by stock analysts at ATB Cormark Capital Markets from a “speculative buy” rating to a “tender” rating in a research report issued on Tuesday, BayStreet reports. They presently have a C$27.00 price objective on the stock, up from their previous price objective of C$21.00. ATB Cormark Capital Markets‘s target price suggests a potential upside of 0.82% from the stock’s current price.

HLF has been the topic of a number of other research reports. RBC Dominion Securities increased their price target on shares of High Liner Foods from C$18.00 to C$27.00 and gave the company a “sector perform” rating in a report on Tuesday. Ventum Capital set a C$16.50 price target on shares of High Liner Foods and gave the company a “neutral” rating in a report on Wednesday, October 21st. Six research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$21.69.

High Liner Foods Stock Up 0.1%

HLF stock traded up C$0.02 during trading on Tuesday, hitting C$26.78. 315,786 shares of the stock traded hands, compared to its average volume of 39,518. High Liner Foods has a 1 year low of C$13.13 and a 1 year high of C$26.83. The firm’s 50 day moving average is C$14.86 and its two-hundred day moving average is C$14.87. The stock has a market cap of C$749.97 million, a price-to-earnings ratio of 30.43 and a beta of 0.57. The company has a debt-to-equity ratio of 80.12, a current ratio of 2.29 and a quick ratio of 0.38.

High Liner Foods (TSE:HLF) last released its quarterly earnings data on Thursday, August 13th. The company reported C$0.63 earnings per share for the quarter. The business had revenue of C$382.35 million during the quarter. High Liner Foods had a net margin of 2.30% and a return on equity of 6.30%. During the same quarter in the prior year, the business posted $0.28 earnings per share. On average, sell-side analysts anticipate that High Liner Foods will post 1.99 EPS for the current year.

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.