High Liner Foods (TSE:HLF) Hits New 52-Week High - Should You Buy?

Key Points

• High Liner Foods shares surged to a new 52-week high of C$26.74, last trading at C$26.69 compared with a prior close of C$15.08.
• Analyst sentiment remains cautious: the stock has one Buy and four Hold ratings, with an average rating of Hold and a consensus price target of C$16.67.
• The company reported quarterly EPS of C$0.63 on revenue of C$382.35 million and pays a quarterly dividend of C$0.175 per share, equivalent to a 2.6% yield.

High Liner Foods Inc (TSE:HLF - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday. The stock traded as high as C$26.74 and last traded at C$26.69, with a volume of 117,710 shares. The stock had previously closed at C$15.08.

Analyst Ratings Changes

Separately, Ventum Capital set a C$16.50 price target on High Liner Foods and gave the stock a "neutral" rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, High Liner Foods presently has an average rating of "Hold" and a consensus price target of C$16.67.

High Liner Foods Stock Performance

The company has a market capitalization of C$746.89 million, a price-to-earnings ratio of 30.31 and a beta of 0.57. The company has a current ratio of 2.29, a quick ratio of 0.38 and a debt-to-equity ratio of 80.12. The stock's fifty day simple moving average is C$14.62 and its 200-day simple moving average is C$14.47.

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 firm had revenue of C$382.35 million during 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 previous year, the firm posted $0.28 EPS. Analysts predict that High Liner Foods Inc will post 1.99 EPS for the current year.

High Liner Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were issued a dividend of $0.1750 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.70 annualized dividend and a dividend yield of 2.6%. High Liner Foods's dividend payout ratio (DPR) is currently 57.23%.

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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