National Bank Financial Increases Hammond Power Solutions (TSE:HPS.A) Price Target to C$220.00

Hammond Power Solutions (TSE:HPS.A) had its target price boosted by analysts at National Bank Financial from C$215.00 to C$220.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 15.18% from the company’s previous close.

Separately, ATB Cormark Capital Markets boosted their price target on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$211.00.

Hammond Power Solutions Stock Performance

Shares of TSE:HPS.A traded down C$6.66 on Monday, hitting C$191.01. The company’s stock had a trading volume of 94,008 shares, compared to its average volume of 73,828. The company has a market capitalization of C$2.27 billion, a price-to-earnings ratio of 28.17 and a beta of 0.48. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. Hammond Power Solutions has a 12 month low of C$69.29 and a 12 month high of C$217.46. The stock’s 50-day moving average is C$186.30 and its two-hundred day moving average is C$165.83.

Hammond Power Solutions (TSE:HPS.A) last issued its quarterly earnings data on Thursday, March 19th. The company reported C$1.98 earnings per share for the quarter. The business had revenue of C$254.09 million for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. On average, equities research analysts forecast that Hammond Power Solutions will post 7.4221267 EPS for the current 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.