Published On: Wed, Sep 14th, 2016

Brokers Offer Predictions for High Liner Foods Inc’s FY2016 Earnings (HLF)

High Liner Foods Inc (TSE:HLF) – Stock analysts at Beacon Securities issued their FY2016 earnings per share (EPS) estimates for High Liner Foods in a report released on Monday. Beacon Securities analyst D. Cooper expects that the brokerage will earn $1.69 per share for the year. Beacon Securities has a “Buy” rating on the stock. Beacon Securities also issued estimates for High Liner Foods’ FY2017 earnings at $1.92 EPS.
Other analysts have also issued research reports about the stock. RBC Capital Markets raised their price target on shares of High Liner Foods from C$17.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 17th. Scotiabank lifted their target price on shares of High Liner Foods from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Finally, Royal Bank Of Canada lifted their target price on shares of High Liner Foods from C$17.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Friday, August 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$24.00.
High Liner Foods (TSE:HLF) traded up 0.55% during mid-day trading on Wednesday, reaching $25.37. 20,151 shares of the company were exchanged. The company has a 50 day moving average of $22.68 and a 200-day moving average of $18.46. The company has a market capitalization of $783.60 million and a price-to-earnings ratio of 24.66. High Liner Foods has a 1-year low of $10.10 and a 1-year high of $25.82.

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The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 15th will be given a $0.13 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.52 annualized dividend and a dividend yield of 2.06%.
About High Liner Foods
High Liner Foods Incorporated is a Canada-based company engaged in processing and marketing of prepared and packaged frozen seafood products. The Company’s retail branded products are sold across the United States, Canada and Mexico under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and C. Wirthy & Co brands.

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