High Liner Foods (HLF.TO) Buy, Sell or Hold

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High Liner Foods (HLF.TO)

14.40

-0.05 (0.35%)

as of Jun 4, 2026, 7:59:59 pm Market Open.

71 watching

Investor Insights

Jun 4, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

High Liner Foods (HLF) has recently seen a significant uptick in its stock price, reaching a multi-year high. This increase is attributed to the acquisition of Mrs. Paul's and Van de Kamp, which aligns with HLF's strategy to diversify its global supply chain. While there is a slight immediate negative impact on earnings of 1 cent, experts believe the long-term strategic benefits justify this. The acquisition is expected to add $75 million in sales to HLF's existing base of approximately $950 million. Currently, HLF's stock is trading at 8 times earnings, which many view as attractive, especially given the strong year-to-date performance of 18%. However, there are concerns regarding the company's high debt levels. Overall, the deal and the upward momentum are seen positively, making HLF a suitable investment for more aggressive investors, particularly in tax-advantaged accounts like a TFSA.

Consensus

Positive

Valuation

Undervalued

Similar

Cedar, CED-T

PARTIAL BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

HLF hit a multi-year high as the Mrs. Pauls and Van de Kamp acquisition looks solid. It continues HLF's plan to diversify its global supply chain, and it already co-manufactures for the brands. There will be a small 1c negative impact to earnings initially, but the strategic rationale makes sense for the long term. HLF is buying $75M in sales on a base of about $950 currently. The stock is up 18% YTD yet is still only 8X earnings. Debt continues to be high, however. We like the deal and the momentum. We would be OK buying this in a TFSA but for more aggressive investors only.
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TOP PICK

Value. Leaders in frozen seafood in Canadian retail and US institutional. PE of 7x. Buying back stock, paying down debt. Increased dividend by 30% last year. Yield is 4.51%.

(Analysts’ price target is $15.42)

PAST TOP PICK

(A Top Pick Mar 27/23, Down 7%)

#1 supplier to retail channel in Canada, and #1 in US to food services. Sells under own name and private label. Seafood consumption low in NA, huge potential for growth. Revenue growth stalled with consumers cutting back on higher-priced items. In rally mode again. Huge free cashflow, buying back lots of shares, increased divvie by 30%, paying down debt. Dirt cheap at 8x PE. Insiders own 40%. Feels it will be sold down the road.

TOP PICK

The company is 120 years old and is the leading brand in North America in frozen value added seafood, number 1 in the Canadian retail segment and number 1 in the U.S. food services segment. Eating fish is considered a healthy alternative to eating meats and although Americans are not big fish eaters, there is good growth potential as attitudes may change. It is paying down debt as well as increasing the dividend by 30% and it recently reported record results. Trades at 7X earnings and insiders own 40%, almost unheard of.

DON'T BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Not much to like currently. Has been a value trap. Wait for sign volume growth returns. Falling revenues and high debt.

DON'T BUY

Long-term and stable? No. He once owned this and made a pile of money. HLF had made some good acquisitions, but made a disastrous purchase of a shrimp company in southeast Asia. This triggered a long slide in the stock. Now, HLF is marginally profitable, but suffers stagnant or falling sales. A pity. Doesn't see growth.

COMMENT

They have had some difficulties with one of its products. It has a nice dividend, but is not sure if it is sustainable.

DON'T BUY

To grow, they made lousy acquisitions, which blew up their balance sheet. Their product line is out of favour with consumers. Long-term, still has to de-lever. No earnings or revenue growth.

BUY

It's in the right space, consumer staples. It's moved from $9 to $7, a big move. Earlier this year, it broke its long downtrend that began in 2016. The worst is over. This may bounce around a bit now. Overall, it looks good. $13 is resistance.

DON'T BUY

Been on a long downtrend and has been consolidating since. It's rangebound these days between $6-8. If it breaks above $8, it could become bullish. Until then, he wouldn't buy it.

DON'T BUY

He sold it too late. They made a horrible acquisition in southeast Asia. A disaster that they haven't recovered from.

HOLD

Looks very cheap. Historically looking back to 1992 it has been this low only twice before in terms of Price to Book. Its balance sheet is OK. nice upside potential. The thing that overhangs the company is that the earning forecast is falling. Could be catching a falling knife. Put it away and wait for the next cycle.

WATCH

He did well when he held it just before they started the dividend. He missed a lot of the major upside. It is back on the stock watch list. They pay a lovely dividend. But they have a fairly high debt load. He might buy it later on.

WATCH

He would not double down on it because we are in tax loss season. There could be some tax loss selling in November/December. It has fairly high debt. It now pays a dividend but did not do so when he owned it. They are a leader in the field and know what they are doing. They could do well in time.

DON'T BUY

He held it for 10 years and did very well, but then he unloaded it entirely, starting in February. He didn't see a recovery in its last quarter and sold his remaining shares. Highliner made a distrastrous acqusition and suffered a brutal recall.
Doesn't see a recovery anytime soon.

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High Liner Foods (HLF.TO) Frequently Asked Questions

What is High Liner Foods stock symbol?

High Liner Foods is a Canadian stock, trading under the symbol HLF.TO (previously HLF-T on Stockchase) on the Toronto Stock Exchange (HLF-CT). It is usually referred to as TSX:HLF or HLF.TO

Is High Liner Foods a buy or a sell?

In the last year, 1 stock analyst published opinions about HLF.TO (previously HLF-T on Stockchase). 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for High Liner Foods.

Is High Liner Foods a good investment or a top pick?

High Liner Foods was recommended as a Top Pick by David Baskin on 2018-08-29. Read the latest stock experts ratings for High Liner Foods.

Why is High Liner Foods stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.

Is High Liner Foods worth watching?

1 stock analyst on Stockchase covered High Liner Foods in the last year. It is a trending stock that is worth watching.

What is High Liner Foods stock price?

On 2026-06-04, High Liner Foods (HLF.TO) stock closed at a price of $14.40.

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High Liner Foods (HLF.TO)