Morneau Shepell Inc (TSE:MSI)’s stock price reached a new 52-week low during trading on Tuesday after National Bank Financial lowered their price target on the stock from C$38.00 to C$31.00. National Bank Financial currently has an outperform rating on the stock. Morneau Shepell traded as low as C$24.42 and last traded at C$24.62, with a volume of 177338 shares trading hands. The stock had previously closed at C$26.64.

MSI has been the subject of several other research reports. Scotiabank increased their price objective on shares of Morneau Shepell from C$34.00 to C$36.00 in a research note on Monday, February 24th. TD Securities decreased their price objective on shares of Morneau Shepell from C$39.00 to C$38.00 and set a “buy” rating for the company in a research note on Thursday, March 12th.

In related news, Senior Officer Stephen Liptrap purchased 3,500 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was bought at an average price of C$27.75 per share, for a total transaction of C$97,125.00. Following the purchase, the insider now directly owns 12,600 shares in the company, valued at approximately C$349,650.

The company’s 50 day moving average price is C$32.37 and its 200-day moving average price is C$32.82. The company has a debt-to-equity ratio of 114.15, a quick ratio of 1.28 and a current ratio of 1.56. The company has a market cap of $1.77 billion and a PE ratio of 91.90.

Morneau Shepell (TSE:MSI) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C$0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.06. The company had revenue of C$247.55 million for the quarter, compared to analysts’ expectations of C$242.80 million. Equities research analysts expect that Morneau Shepell Inc will post 1.21 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.065 per share. The ex-dividend date is Monday, March 30th. This represents a $0.78 annualized dividend and a dividend yield of 2.83%. Morneau Shepell’s payout ratio is currently 260.00%.

About Morneau Shepell (TSE:MSI)

Morneau Shepell Inc operates as a human resources consulting and technology company in Canada, the United States, and internationally. The company provides health and productivity, administrative, and retirement solutions to assist employers in managing the financial security, health, and productivity of their employees.

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