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

High Liner Foods (TSE:HLF) had its price target increased by research analysts at Raymond James Financial from C$16.50 to C$27.00 in a report released on Tuesday, BayStreet reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial‘s target price would suggest a potential upside of 0.82% from the company’s current price.

Several other brokerages have also issued reports on HLF. ATB Cormark Capital Markets lowered High Liner Foods from a “speculative buy” rating to a “tender” rating and lifted their price target for the company from C$21.00 to C$27.00 in a research note on Tuesday. RBC Dominion Securities lifted their price target on shares of High Liner Foods from C$18.00 to C$27.00 and gave the company a “sector perform” rating in a report on Tuesday. Ventum Capital set a C$16.50 price objective on shares of High Liner Foods and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Finally, Ventum increased their price objective 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. Six investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$21.69.

High Liner Foods Stock Performance

HLF stock traded up C$0.02 during trading hours on Tuesday, hitting C$26.78. 315,786 shares of the stock were exchanged, compared to its average volume of 39,518. High Liner Foods has a 12 month low of C$13.13 and a 12 month high of C$26.83. 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 firm has a market capitalization of C$749.97 million, a P/E ratio of 30.43 and a beta of 0.57. The company has a 50-day simple moving average of C$14.86 and a two-hundred day simple moving average of C$14.87.

High Liner Foods (TSE:HLF) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.63 earnings per share (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 in the prior year, the company earned $0.28 EPS. On average, analysts forecast that High Liner Foods will post 1.99 earnings per share for the current fiscal year.

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.