Hammond Power Solutions (TSE:HPS.A) Price Target Raised to C$355.00

Hammond Power Solutions (TSE:HPS.A) had its target price lifted by analysts at National Bank Financial from C$325.00 to C$355.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 18.94% from the company’s previous close.

A number of other research firms also recently issued reports on HPS.A. JPMorgan Chase & Co. set a C$430.00 price target on Hammond Power Solutions and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Royal Bank Of Canada raised their price target on Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Canaccord Genuity Group raised their price target on Hammond Power Solutions from C$226.00 to C$348.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, ATB Cormark Capital Markets raised their price target on Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$366.60.

Hammond Power Solutions Stock Down 0.5%

Shares of HPS.A traded down C$1.42 during mid-day trading on Wednesday, reaching C$298.46. The company’s stock had a trading volume of 47,975 shares, compared to its average volume of 83,688. Hammond Power Solutions has a 12-month low of C$109.10 and a 12-month high of C$356.80. The stock has a market cap of C$3.55 billion, a PE ratio of 54.17 and a beta of 1.38. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The company’s 50 day moving average is C$275.37 and its 200 day moving average is C$212.63.

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

Hammond Power Solutions Company Profile

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.