Shares of High Liner Foods Inc (TSE:HLF – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$17.42.
Several research firms have recently weighed in on HLF. Royal Bank Of Canada decreased their target price on High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 28th. Ventum Financial set a C$15.50 price objective on High Liner Foods and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. Raymond James Financial reduced their price objective on High Liner Foods from C$17.00 to C$15.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 15th. Finally, ATB Cormark Capital Markets reduced their price objective on High Liner Foods from C$24.00 to C$19.50 and set a “speculative buy” rating on the stock in a research report on Monday, April 6th.
Check Out Our Latest Stock Report on High Liner Foods
High Liner Foods Stock Up 0.6%
High Liner Foods (TSE:HLF – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.54 EPS for the quarter. The company had revenue of C$467.13 million for the quarter. High Liner Foods had a return on equity of 7.08% and a net margin of 2.68%. Analysts predict that High Liner Foods will post 1.9858934 earnings per share for the current fiscal year.
High Liner Foods Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Sunday, March 15th. Shareholders of record on Sunday, March 15th were given a $0.175 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.70 dividend on an annualized basis and a yield of 5.0%. 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.
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