Horizon North Logistics (HNL) Price Target Raised to C$3.25 at TD Securities

Horizon North Logistics (TSE:HNL) had its price target raised by stock analysts at TD Securities from C$3.00 to C$3.25 in a research note issued on Tuesday, April 10th. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 38.30% from the company’s current price.

A number of other research firms have also weighed in on HNL. National Bank Financial raised their price target on shares of Horizon North Logistics from C$2.40 to C$2.75 and gave the company an “outperform” rating in a research report on Tuesday, April 10th. Clarus Securities reissued a “buy” rating on shares of Horizon North Logistics in a research report on Thursday, March 15th. Raymond James lowered shares of Horizon North Logistics from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$2.15 to C$1.60 in a research report on Tuesday, January 9th. Finally, Scotiabank raised shares of Horizon North Logistics from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from C$1.50 to C$2.25 in a research note on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$2.49.

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HNL stock opened at C$2.35 on Tuesday. Horizon North Logistics has a 52-week low of C$1.16 and a 52-week high of C$2.43.

Horizon North Logistics (TSE:HNL) last posted its quarterly earnings data on Tuesday, March 13th. The company reported C($0.03) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.03). The company had revenue of C$82.66 million during the quarter, compared to analysts’ expectations of C$80.45 million. Horizon North Logistics had a negative net margin of 7.76% and a negative return on equity of 7.80%.

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About Horizon North Logistics

Horizon North Logistics Inc, a remote resource development service company, provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. It operates through two segments, Camps & Catering, and Rentals & Logistics. The Camps & Catering segment offers workforce accommodation, camp rental, and catering services; and manufactures and sells camps, as well as provides related transportation and installation services.

Analyst Recommendations for Horizon North Logistics (TSE:HNL)

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