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

High Liner Foods (TSE:HLF) had its price target upped by Raymond James Financial from C$16.50 to C$27.00 in a research report released on Tuesday,BayStreet reports. They currently have a market perform rating on the stock.

A number of other research firms have also recently commented on HLF. Ventum Capital set a C$16.50 price target on shares of High Liner Foods and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. Ventum increased their price objective on shares of High Liner Foods from C$16.50 to C$27.00 and gave the stock a “neutral” rating in a research report on Tuesday. RBC Dominion Securities raised their price objective on shares of High Liner Foods from C$18.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, ATB Cormark Capital Markets lowered High Liner Foods from a “speculative buy” rating to a “tender” rating and boosted their target price for the company from C$21.00 to C$27.00 in a research report on Tuesday. Seven analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, High Liner Foods has a consensus rating of “Hold” and an average price target of C$21.69.

High Liner Foods Trading Down 0.2%

HLF stock opened at C$26.76 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 2.29 and a debt-to-equity ratio of 80.12. High Liner Foods has a twelve month low of C$13.13 and a twelve month high of C$26.83. The stock has a market capitalization of C$749.41 million, a price-to-earnings ratio of 30.41 and a beta of 0.57. The firm’s fifty day simple moving average is C$15.53 and its two-hundred day simple moving average is C$15.05.

High Liner Foods (TSE:HLF) last announced its earnings results on Thursday, August 13th. The company reported C$0.63 earnings per share for the quarter. The business 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 period in the prior year, the company posted $0.28 EPS. As a group, analysts anticipate that High Liner Foods will post 1.99 earnings per share for the current year.

High Liner Foods Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 1st. High Liner Foods’s payout ratio is currently 57.23%.

Trending Headlines about 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

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.