Hammond Power Solutions (TSE:HPS.A) PT Set at C$405.00 by Raymond James Financial

Hammond Power Solutions (TSE:HPS.A) received a C$405.00 price target from stock analysts at Raymond James Financial in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 18.79% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. ATB Cormark Capital Markets raised their price objective on Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Royal Bank Of Canada upped their target price on Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Canaccord Genuity Group boosted their price objective on shares of Hammond Power Solutions from C$226.00 to C$348.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. National Bank Financial increased their price objective on shares of Hammond Power Solutions from C$325.00 to C$355.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, JPMorgan Chase & Co. set a C$430.00 target price on shares of Hammond Power Solutions and gave the company an “overweight” rating in a report on Thursday, May 28th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, Hammond Power Solutions currently has an average rating of “Buy” and a consensus price target of C$371.86.

Hammond Power Solutions Price Performance

Shares of TSE:HPS.A traded up C$2.46 on Tuesday, reaching C$340.95. 24,949 shares of the company were exchanged, compared to its average volume of 85,247. The company has a 50-day moving average of C$308.80 and a 200-day moving average of C$227.84. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The firm has a market cap of C$4.06 billion, a price-to-earnings ratio of 61.88 and a beta of 1.38. Hammond Power Solutions has a 1-year low of C$111.09 and a 1-year high of C$365.12.

Hammond Power Solutions (TSE:HPS.A) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$2.08 EPS for the quarter. The firm had revenue of C$264.84 million for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. Equities analysts forecast that Hammond Power Solutions will post 7.4221267 earnings per share for the current fiscal year.

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. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.