Morneau Shepell (TSE:MSI) Sets New 1-Year High Following Analyst Upgrade

Morneau Shepell Inc (TSE:MSI) reached a new 52-week high during trading on Friday after National Bank Financial raised their price target on the stock from C$32.00 to C$35.00. National Bank Financial currently has an outperform rating on the stock. Morneau Shepell traded as high as C$33.14 and last traded at C$32.99, with a volume of 143795 shares traded. The stock had previously closed at C$30.31.

Separately, TD Securities boosted their price target on Morneau Shepell from C$30.00 to C$31.00 and gave the company a “hold” rating in a research note on Thursday, May 9th.

The company’s 50 day moving average price is C$30.11. The stock has a market cap of $2.08 billion and a price-to-earnings ratio of 127.14. The company has a debt-to-equity ratio of 95.16, a current ratio of 1.39 and a quick ratio of 1.10.

Morneau Shepell (TSE:MSI) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.16 by C($0.03). The business had revenue of C$204.70 million during the quarter, compared to analyst estimates of C$207.00 million. On average, sell-side analysts predict that Morneau Shepell Inc will post 0.8 earnings per share for the current year.

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

Morneau Shepell Company Profile (TSE:MSI)

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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