National Bank Financial Cuts Morneau Shepell (TSE:MSI) Price Target to C$31.00

Morneau Shepell (TSE:MSI) had its target price reduced by National Bank Financial from C$38.00 to C$31.00 in a report released on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

MSI has been the subject of several other reports. Scotiabank lifted their price objective on Morneau Shepell from C$34.00 to C$36.00 in a report on Monday, February 24th. TD Securities reduced their price objective on Morneau Shepell from C$39.00 to C$38.00 and set a buy rating for the company in a report on Thursday, March 12th.

Shares of MSI stock opened at C$28.24 on Tuesday. The stock has a fifty day moving average price of C$32.23 and a 200 day moving average price of C$32.80. The stock has a market cap of $1.83 billion and a PE ratio of 100.86. Morneau Shepell has a 1 year low of C$24.42 and a 1 year high of C$35.54. The company has a debt-to-equity ratio of 100.70, a quick ratio of 1.01 and a current ratio of 1.19.

Morneau Shepell (TSE:MSI) last issued its quarterly earnings data on Tuesday, March 10th. The company reported C$0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.06. The firm had revenue of C$247.55 million for the quarter, compared to analyst estimates of C$242.80 million. As a group, equities research analysts predict that Morneau Shepell will post 1.07 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, March 30th. This represents a $0.78 annualized dividend and a yield of 2.76%. Morneau Shepell’s dividend payout ratio is presently 278.57%.

In other news, Senior Officer Stephen Liptrap acquired 3,500 shares of Morneau Shepell stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average cost of C$27.75 per share, with a total value of C$97,125.00. Following the completion of the acquisition, the insider now owns 12,600 shares in the company, valued at approximately C$349,650.

About Morneau Shepell

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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