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

Key Points

• Analysts collectively rate High Liner Foods “Hold,” with an average 12-month price target of C$21.69, although several firms recently raised targets to C$27 and maintained neutral or market-perform ratings.
• Shares traded at approximately C$26.76, near the C$27.00 takeover value offered by Umios in an all-cash acquisition, providing shareholders with a defined exit price.
• High Liner Foods pays a quarterly dividend of C$0.175, or C$0.70 annually for a 2.6% yield; its latest quarter reported C$0.63 in EPS on C$382.35 million in revenue.

High Liner Foods Inc (TSE:HLF - Get Free Report) 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 - Get Free Report) 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.

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