Morneau Shepell (TSE:MSI) Price Target Raised to C$35.00 at National Bank Financial

Morneau Shepell (TSE:MSI) had its price target raised by National Bank Financial from C$32.00 to C$35.00 in a report released on Friday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Separately, TD Securities lifted their price objective on shares of Morneau Shepell from C$30.00 to C$31.00 and gave the company a hold rating in a report on Thursday, May 9th.

MSI traded up C$2.62 on Friday, reaching C$32.93. 278,600 shares of the company traded hands, compared to its average volume of 94,738. Morneau Shepell has a one year low of C$23.64 and a one year high of C$33.16. The firm has a fifty day moving average price of C$30.11. The firm has a market capitalization of $2.11 billion and a P/E ratio of 127.14. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 95.16.

Morneau Shepell (TSE:MSI) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.13 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.03). The company had revenue of C$204.70 million for the quarter, compared to the consensus estimate of C$207.00 million. Equities research analysts expect that Morneau Shepell will post 0.8 earnings per share for the current year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.78 annualized dividend and a dividend yield of 2.37%. Morneau Shepell’s dividend payout ratio is currently 301.16%.

Morneau Shepell Company Profile

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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