High Liner Foods Stock Today

HLF Stock  CAD 13.55  0.26  1.96%   

Performance

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Odds Of Distress

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High Liner is selling at 13.55 as of the 29th of March 2024; that is 1.96 percent up since the beginning of the trading day. The stock's open price was 13.29. High Liner has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for High Liner Foods are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Food, Beverage & Tobacco
Category
Consumer Defensive
Classification
Consumer Staples
High Liner Foods Incorporated processes and markets prepared and packaged frozen seafood products in the United States and Canada. High Liner Foods Incorporated was founded in 1899 and is headquartered in Lunenburg, Canada. HIGH LINER operates under Packaged Foods classification in Canada and is traded on Toronto Stock Exchange. The company has 30.53 M outstanding shares of which 1.11 M shares are currently shorted by private and institutional investors with about 97.21 days to cover all short positions. More on High Liner Foods

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High Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. High Liner's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding High Liner or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEORodney Hepponstall
Thematic Ideas
(View all Themes)
Business ConcentrationPackaged Foods & Meats, Food, Beverage & Tobacco, Consumer Defensive, Natural Foods, Processed Foods, Consumer Staples, Food Products, Packaged Foods, Consumer Defensive (View all Sectors)
High Liner's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to High Liner's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand High Liner's financial leverage. It provides some insight into what part of High Liner's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on High Liner's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how High Liner deploys its capital and how much of that capital is borrowed.
Liquidity
High Liner cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 8.18 M in total debt with debt to equity ratio (D/E) of 1.19, which is about average as compared to similar companies. High Liner Foods has a current ratio of 2.42, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist High Liner until it has trouble settling it off, either with new capital or with free cash flow. So, High Liner's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like High Liner Foods sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for High to invest in growth at high rates of return. When we think about High Liner's use of debt, we should always consider it together with cash and equity.

Dividends Paid

13.42 Million
High Liner Foods (HLF) is traded on Toronto Exchange in Canada and employs 1,202 people. High Liner is listed under Packaged Foods & Meats category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 405.77 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate High Liner's market, we take the total number of its shares issued and multiply it by High Liner's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. High Liner Foods operates under Food Products sector and is part of Consumer Staples industry. The entity has 30.53 M outstanding shares of which 1.11 M shares are currently shorted by private and institutional investors with about 97.21 days to cover all short positions. High Liner Foods has accumulated about 45.89 M in cash with 56.53 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.36.
Check High Liner Probability Of Bankruptcy
Ownership Allocation
High Liner Foods has a total of 30.53 Million outstanding shares. High Liner secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check High Ownership Details

High Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of High Liner jumping above the current price in 90 days from now is about 1.2%. The High Liner Foods probability density function shows the probability of High Liner stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 1.183. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, High Liner will likely underperform. Additionally, high Liner Foods has an alpha of 0.2012, implying that it can generate a 0.2 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 13.55HorizonTargetOdds Above 13.55
98.78%90 days
 13.55 
1.20%
Based on a normal probability distribution, the odds of High Liner to move above the current price in 90 days from now is about 1.2 (This High Liner Foods probability density function shows the probability of High Stock to fall within a particular range of prices over 90 days) .

High Liner Historical Income Statement

High Liner Foods Income Statement is one of the three primary financial statements used for reporting High's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of High Liner Foods revenue and expense. High Liner Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, High Liner's Total Operating Expenses is very stable compared to the past year. As of the 29th of March 2024, Net Income is likely to grow to about 33.3 M, while Depreciation And Amortization is likely to drop about 10.9 M. View More Fundamentals

High Stock Against Markets

Picking the right benchmark for High Liner stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in High Liner stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for High Liner is critical whether you are bullish or bearish towards High Liner Foods at a given time. Please also check how High Liner's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in High Liner without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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High Liner Corporate Directors

High Liner corporate directors refer to members of a High Liner board of directors. The board of directors generally takes responsibility for the High Liner's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of High Liner's board members must vote for the resolution. The High Liner board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
James CovelluzziNon-Independent DirectorProfile
Joan ChowDirectorProfile
Andy TannerDirector TreasurerProfile
Robert DexterIndependent DirectorProfile

How to buy High Stock?

Before investing in High Liner, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in High Liner. To buy High Liner stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of High Liner. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase High Liner stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located High Liner Foods stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased High Liner Foods stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as High Liner Foods, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in High Liner Foods?

The danger of trading High Liner Foods is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of High Liner is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than High Liner. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile High Liner Foods is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Liner Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the High Liner Foods information on this page should be used as a complementary analysis to other High Liner's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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When running High Liner's price analysis, check to measure High Liner's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy High Liner is operating at the current time. Most of High Liner's value examination focuses on studying past and present price action to predict the probability of High Liner's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Liner's price. Additionally, you may evaluate how the addition of High Liner to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between High Liner's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Liner is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Liner's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.