Morneau Shepell (TSE:MSI) Stock Passes Above 50-Day Moving Average of $29.60

Morneau Shepell Inc (TSE:MSI)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $29.60 and traded as high as $29.27. Morneau Shepell shares last traded at $29.05, with a volume of 18,329 shares.

Several research analysts have issued reports on the company. National Bank Financial upped their price target 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. TD Securities upped their price target on Morneau Shepell from C$30.00 to C$31.00 and gave the company a “hold” rating in a report on Thursday, May 9th.

The company has a market capitalization of $1.91 billion and a P/E ratio of 114.17. The firm’s fifty day simple moving average is C$29.63. The company has a debt-to-equity ratio of 95.16, a quick ratio of 1.10 and a current ratio of 1.39.

Morneau Shepell (TSE:MSI) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.16 by C($0.03). The business had revenue of C$204.70 million during the quarter, compared to the consensus estimate of C$207.00 million. On average, analysts forecast that Morneau Shepell Inc will post 0.81 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Friday, June 28th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.78 annualized dividend and a dividend yield of 2.64%. 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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