National Bankshares Has Lowered Expectations for Hammond Power Solutions (TSE:HPS.A) Stock Price

Hammond Power Solutions (TSE:HPS.A) had its target price dropped by stock analysts at National Bankshares from C$170.00 to C$140.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 58.68% from the company’s previous close.

Separately, Acumen Capital decreased their target price on Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating for the company in a research note on Monday.

Hammond Power Solutions Stock Up 2.6 %

Shares of TSE HPS.A traded up C$2.26 during mid-day trading on Monday, reaching C$88.23. 32,000 shares of the company traded hands, compared to its average volume of 54,031. The company’s fifty day moving average is C$95.85 and its two-hundred day moving average is C$119.00. Hammond Power Solutions has a fifty-two week low of C$73.98 and a fifty-two week high of C$160.51. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The stock has a market cap of C$805.54 million, a PE ratio of 15.93 and a beta of 0.84.

About Hammond Power Solutions

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India.