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

Shares of High Liner Foods Inc (TSE:HLF) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$18.60.

Several equities analysts have recently weighed in on the stock. ATB Cormark Capital Markets reduced their target price on shares of 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. Ventum Financial upgraded shares of High Liner Foods to a “hold” rating in a research note on Tuesday. Finally, Raymond James Financial reduced their target price on shares of 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.

High Liner Foods Price Performance

HLF opened at C$13.83 on Wednesday. The company has a market capitalization of C$390.01 million, a price-to-earnings ratio of 11.34 and a beta of 0.64. The company has a quick ratio of 0.38, a current ratio of 2.18 and a debt-to-equity ratio of 73.59. The firm has a 50-day moving average price of C$15.27 and a 200-day moving average price of C$15.12. High Liner Foods has a twelve month low of C$13.13 and a twelve month high of C$19.07.

High Liner Foods (TSE:HLF) last posted its earnings results on Wednesday, February 25th. The company reported C$0.36 earnings per share for the quarter. The firm had revenue of C$355.65 million during the quarter. High Liner Foods had a net margin of 3.56% and a return on equity of 8.89%. Equities analysts expect that High Liner Foods will post 1.9858934 EPS for the current year.

High Liner Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Sunday, March 15th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.70 annualized dividend and a yield of 5.1%. High Liner Foods’s payout ratio is currently 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.