Morneau Shepell (TSE:MSI) Sets New 12-Month High at $30.58

Shares of Morneau Shepell Inc (TSE:MSI) hit a new 52-week high on Friday . The stock traded as high as C$30.58 and last traded at C$30.58, with a volume of 41338 shares trading hands. The stock had previously closed at C$30.11.

Several analysts have weighed in on MSI shares. TD Securities boosted their price objective on Morneau Shepell from C$30.00 to C$31.00 and gave the company a “hold” rating in a research report on Thursday, May 9th. National Bank Financial upped their target price on Morneau Shepell from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, May 9th.

The company has a debt-to-equity ratio of 95.16, a current ratio of 1.39 and a quick ratio of 1.10. The firm has a market cap of $1.92 billion and a P/E ratio of 117.92.

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

The firm also recently announced a monthly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 31st were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.55%. Morneau Shepell’s dividend payout ratio is presently 301.16%.

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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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