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High Liner Foods (HLF-T) is renowned for its leadership in the frozen seafood sector, particularly within Canadian retail and the US institutional markets. The company boasts a strong financial position, characterized by a remarkable Price-to-Earnings (PE) ratio of 7x, indicating potential undervaluation. High Liner Foods is actively engaged in buybacks and has made strides in reducing its debt, which reflects a proactive approach to enhancing shareholder value. An impressive dividend increase of 30% last year and a current yield of 4.51% demonstrates its commitment to returning capital to investors. Analysts are optimistic about the stock, with a target price of $15.42, suggesting further upside potential.
#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.
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.
High Liner Foods is a Canadian stock, trading under the symbol HLF-T on the Toronto Stock Exchange (HLF-CT). It is usually referred to as TSX:HLF or HLF-T
In the last year, there was no coverage of High Liner Foods published on Stockchase.
High Liner Foods was recommended as a Top Pick by on . Read the latest stock experts ratings for High Liner Foods.
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0 stock analysts on Stockchase covered High Liner Foods In the last year. It is a trending stock that is worth watching.
On 2025-04-03, High Liner Foods (HLF-T) stock closed at a price of $16.96.
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)