Hammond Power Solutions Inc. (TSE:HPS.A) Stock Now Rated “Buy” by Sell-Side Analysts

Hammond Power Solutions Inc. (TSE:HPS.A) has been given a consensus rating of “Buy” by the seven ratings firms that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$378.29.

Several research firms recently issued reports on HPS.A. National Bank Financial boosted their target price on shares of Hammond Power Solutions from C$355.00 to C$380.00 and gave the company an “outperform” rating in a research note on Tuesday, October 13th. ATB Cormark Capital Markets raised their price target on shares of Hammond Power Solutions from C$350.00 to C$400.00 and gave the company an “outperform” rating in a research report on Friday, October 9th. Finally, Royal Bank Of Canada cut their price objective on shares of Hammond Power Solutions from C$350.00 to C$320.00 and set an “outperform” rating for the company in a report on Monday.

Hammond Power Solutions Trading Down 3.9%

Hammond Power Solutions stock opened at C$220.81 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. Hammond Power Solutions has a 12 month low of C$150.56 and a 12 month high of C$365.12. The stock’s 50 day simple moving average is C$254.62 and its two-hundred day simple moving average is C$251.90. The firm has a market cap of C$2.63 billion, a PE ratio of 36.56 and a beta of 0.94.

Hammond Power Solutions (TSE:HPS.A) last issued its quarterly earnings data on Thursday, October 29th. The company reported C$3.13 EPS for the quarter. The business had revenue of C$446.26 million for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. Analysts anticipate that Hammond Power Solutions will post 7.42 earnings per share 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.