Research Analysts Set Expectations for Horizon North Logistics Inc’s Q3 2020 Earnings (TSE:HNL)

Horizon North Logistics Inc (TSE:HNL) – Equities research analysts at Cormark lowered their Q3 2020 earnings per share estimates for Horizon North Logistics in a report released on Monday, November 4th. Cormark analyst B. Watson now anticipates that the company will earn $0.00 per share for the quarter, down from their prior estimate of $0.02. Cormark also issued estimates for Horizon North Logistics’ Q4 2020 earnings at $0.00 EPS.

A number of other research analysts also recently weighed in on the company. National Bank Financial reduced their target price on Horizon North Logistics from C$2.35 to C$2.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. TD Securities reduced their target price on Horizon North Logistics from C$1.40 to C$1.20 and set a “hold” rating on the stock in a report on Friday, November 1st. Raymond James reiterated an “outperform” rating and set a C$1.35 target price on shares of Horizon North Logistics in a report on Tuesday. Finally, GMP Securities downgraded Horizon North Logistics from a “hold” rating to a “reduce” rating and reduced their target price for the stock from C$2.00 to C$1.00 in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$1.56.

HNL stock opened at C$1.00 on Tuesday. Horizon North Logistics has a fifty-two week low of C$0.90 and a fifty-two week high of C$2.74. The business’s 50 day moving average price is C$1.01 and its two-hundred day moving average price is C$1.55. The company has a debt-to-equity ratio of 41.06, a quick ratio of 1.34 and a current ratio of 1.64. The company has a market capitalization of $162.11 million and a price-to-earnings ratio of -18.52.

About Horizon North Logistics

Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada. The company operates in two segments, Industrial Services and Modular Solutions. The Industrial Services segment supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.

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Earnings History and Estimates for Horizon North Logistics (TSE:HNL)

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