Hammond Power Solutions Inc. (TSE:HPS.A) Stock Has Average Price Target of C$379.00

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is C$382.57.

A number of analysts have weighed in on the company. ATB Cormark Capital Markets increased their price target on Hammond Power Solutions from C$350.00 to C$400.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. National Bank Financial lifted their price objective on Hammond Power Solutions from C$355.00 to C$380.00 and gave the stock an “outperform” rating in a research report on Tuesday. Raymond James Financial set a C$405.00 price objective on Hammond Power Solutions and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Finally, Acumen Capital upped their target price on Hammond Power Solutions from C$345.00 to C$365.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th.

Hammond Power Solutions Trading Down 3.4%

HPS.A opened at C$257.04 on Friday. Hammond Power Solutions has a twelve month low of C$132.49 and a twelve month high of C$365.12. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The company has a fifty day moving average of C$260.11 and a 200-day moving average of C$277.59. The stock has a market cap of C$3.06 billion, a PE ratio of 49.72 and a beta of 0.94.

Hammond Power Solutions (TSE:HPS.A) last announced its earnings results on Thursday, July 30th. The company reported C$2.76 earnings per share for the quarter. The business had revenue of C$324.80 million during the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. On average, sell-side analysts predict that Hammond Power Solutions will post 7.42 EPS for the current year.

About Hammond Power Solutions

Hammond Power Solutions Inc (‘HPS’ or the ‘Company’) enables electrification through its broad range of dry-type transformers, power quality products and related magnetic and power conversion systems. HPS’ standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The Company has manufacturing plants in North America, Europe and Asia and sells its products around the globe.