High Liner Foods (TSE:HLF) Price Target Raised to C$27.00

High Liner Foods (TSE:HLF) had its price target upped by RBC Dominion Securities from C$18.00 to C$27.00 in a research report sent to investors on Tuesday,BayStreet reports. They currently have a sector perform rating on the stock.

Separately, Ventum Capital set a C$16.50 target price on shares of High Liner Foods and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Seven investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$21.69.

High Liner Foods Trading Down 0.2%

Shares of HLF stock opened at C$26.76 on Tuesday. The business has a 50-day moving average of C$15.53 and a 200 day moving average of C$15.05. 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 has a 1-year low of C$13.13 and a 1-year high of C$26.83. The stock has a market capitalization of C$749.41 million, a PE ratio of 30.41 and a beta of 0.57.

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

High Liner Foods Announces Dividend

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

Key Stories Impacting High Liner Foods

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

• Positive Sentiment: High Liner Foods agreed to be acquired by Umios for C$27 per share in cash, providing a clear valuation benchmark and supporting the recent strength in HLF shares. The transaction remains subject to customary closing conditions and creates some potential for a higher offer. High Liner Foods Agrees To Be Acquired By Umios For C$27/Share In Cash
• Positive Sentiment: Raymond James Financial raised its price target on HLF, signaling greater confidence in the company’s valuation and outlook. Raymond James Financial Raises High Liner Foods Price Target
• Positive Sentiment: Ventum also increased its price target, while an RBC Dominion Securities analyst said the stock is expected to rise. These calls reinforce the acquisition-related valuation support. Ventum Raises High Liner Foods Price Target RBC Analyst Expects High Liner Foods Stock to Rise
• Neutral Sentiment: Recent commentary has focused on High Liner’s operational evolution and its ability to adapt to changing consumer preferences, but no specific new financial guidance was reported. High Liner Foods and Changing Consumer Preferences
• Negative Sentiment: ATB Cormark downgraded HLF to “Hold,” and Canaccord Genuity cut its rating from “Strong Buy” to “Hold.” The downgrades may limit further gains, particularly because the shares are already close to Umios’s C$27 offer price. ATB Cormark Downgrades High Liner Foods to Hold Canaccord Genuity Downgrades High Liner Foods

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.