Horizon North Logistics (HNL) Rating Lowered to Market Perform at Raymond James Financial

Raymond James Financial cut shares of Horizon North Logistics (TSE:HNL) from an outperform rating to a market perform rating in a report published on Tuesday, January 9th. They currently have C$1.60 price objective on the stock, down from their prior price objective of C$2.15.

A number of other research analysts have also issued reports on the stock. Scotiabank set a C$1.50 target price on shares of Horizon North Logistics and gave the company an underperform rating in a research note on Tuesday, January 9th. National Bank Financial reduced their target price on shares of Horizon North Logistics from C$2.40 to C$1.90 and set an outperform rating for the company in a research note on Monday, December 11th. Finally, Beacon Securities restated a buy rating on shares of Horizon North Logistics in a research report on Wednesday, September 13th.

Horizon North Logistics (HNL) opened at C$1.62 on Tuesday. Horizon North Logistics has a fifty-two week low of C$1.16 and a fifty-two week high of C$2.35. The company has a market cap of $234.37, a PE ratio of -20.25 and a beta of 1.34.

Horizon North Logistics (TSE:HNL) last posted its quarterly earnings results on Wednesday, November 1st. The company reported C($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.01). Horizon North Logistics had a negative net margin of 7.76% and a negative return on equity of 7.80%.

The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.94%. Horizon North Logistics’s dividend payout ratio (DPR) is -100.00%.

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About Horizon North Logistics

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

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