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

High Liner Foods (TSE:HLF) had its target price dropped by investment analysts at ATB Cormark Capital Markets from C$24.00 to C$19.50 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 39.78% from the company’s previous close.

High Liner Foods Price Performance

Shares of HLF traded down C$0.40 during mid-day trading on Monday, reaching C$13.95. The company had a trading volume of 27,729 shares, compared to its average volume of 30,795. The company has a debt-to-equity ratio of 73.59, a current ratio of 2.18 and a quick ratio of 0.38. The company has a market capitalization of C$394.76 million, a P/E ratio of 11.43 and a beta of 0.64. High Liner Foods has a twelve month low of C$13.13 and a twelve month high of C$19.07. The company’s 50-day moving average is C$15.70 and its 200-day moving average is C$15.35.

High Liner Foods (TSE:HLF) last announced its quarterly earnings results on Wednesday, February 25th. The company reported C$0.36 EPS for the quarter. High Liner Foods had a return on equity of 8.89% and a net margin of 3.56%.The business had revenue of C$355.65 million for the quarter. On average, equities analysts anticipate that High Liner Foods will post 1.9858934 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.