High Liner Foods Inc (HLF.TO) – What Are Researchers Thinking About This Stock?

High Liner Foods Inc (TSE:HLF) has been assigned an average rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$21.69.

A number of equities analysts have commented on HLF shares. ATB Cormark Capital Markets lowered shares of High Liner Foods from a “speculative buy” rating to a “tender” rating and boosted their price target for the company from C$21.00 to C$27.00 in a research report on Tuesday. Raymond James Financial raised their price objective on shares of High Liner Foods from C$16.50 to C$27.00 and gave the stock a “market perform” rating in a report on Tuesday. Ventum lifted their target price on shares of High Liner Foods from C$16.50 to C$27.00 and gave the company a “neutral” rating in a research note on Tuesday. Ventum Capital set a C$16.50 target price on High Liner Foods and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Finally, RBC Dominion Securities boosted their target price on High Liner Foods from C$18.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Tuesday.

High Liner Foods Price Performance

High Liner Foods stock remained flat at C$26.76 during mid-day trading on Tuesday. The company’s stock had a trading volume of 366,307 shares, compared to its average volume of 39,852. The company has a market capitalization of C$749.41 million, a P/E ratio of 30.41 and a beta of 0.57. The business has a fifty day moving average of C$14.86 and a two-hundred day moving average of C$14.87. High Liner Foods has a 1 year low of C$13.13 and a 1 year high of C$26.83. 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 issued its earnings results on Thursday, August 13th. The company reported C$0.63 EPS for the quarter. The company 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 in the prior year, the firm posted $0.28 EPS. Research analysts expect that High Liner Foods will post 1.99 earnings per share for the current year.

High Liner Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were given a $0.1750 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.70 annualized dividend and a yield of 2.6%. High Liner Foods’s payout ratio is presently 57.23%.

Trending Headlines about High Liner Foods

Here are the key news stories impacting High Liner Foods this week:

• Positive Sentiment: Umios will acquire High Liner Foods for C$27.00 per share in cash, providing shareholders with a clearly defined takeover value and a substantial valuation uplift compared with the company’s previous trading levels. High Liner Foods Enters into Agreement to Be Acquired by Umios for C$27.00 per Share in Cash
• Positive Sentiment: The transaction gives investors near-term deal certainty and explains why High Liner Foods shares are trading close to C$27.00 rather than being valued primarily on standalone earnings expectations. High Liner Foods to be bought by Umios in deal valued at $804M

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.