Morneau Shepell (TSE:MSI) Shares Cross Above 200 Day Moving Average of $30.46

Morneau Shepell Inc. (TSE:MSI) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$30.46 and traded as high as C$33.01. Morneau Shepell shares last traded at C$32.78, with a volume of 78,917 shares changing hands.

A number of research firms have recently issued reports on MSI. TD Securities increased their target price on Morneau Shepell from C$35.00 to C$38.00 and gave the company a “na” rating in a report on Friday, March 12th. National Bank Financial upped their price target on shares of Morneau Shepell from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Thursday, March 11th. BMO Capital Markets upped their price target on shares of Morneau Shepell from C$37.00 to C$38.00 and gave the stock a “na” rating in a research note on Friday, March 12th. Scotiabank upped their price target on shares of Morneau Shepell from C$35.00 to C$36.00 in a research note on Friday, March 12th. Finally, CIBC upped their price target on shares of Morneau Shepell from C$38.00 to C$43.00 and gave the stock a “na” rating in a research note on Friday, March 12th.

The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 87.37. The stock has a market capitalization of C$2.23 billion and a price-to-earnings ratio of 40.66. The company’s 50-day simple moving average is C$32.77 and its 200 day simple moving average is C$30.48.

Morneau Shepell (TSE:MSI) last posted its earnings results on Wednesday, March 10th. The company reported C$0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.10 by C$0.05. The business had revenue of C$249.64 million for the quarter, compared to analyst estimates of C$246.70 million. On average, equities analysts expect that Morneau Shepell Inc. will post 1.0499999 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st will be given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, March 30th. Morneau Shepell’s payout ratio is 97.50%.

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. It 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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