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

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

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

Hammond Power Solutions Stock Down 0.5%

TSE HPS.A traded down C$1.42 during trading hours on Wednesday, hitting C$298.46. 47,975 shares of the company were exchanged, compared to its average volume of 83,688. The company has a 50 day moving average of C$275.37 and a two-hundred day moving average of C$212.63. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. Hammond Power Solutions has a 52-week low of C$109.10 and a 52-week high of C$356.80. The firm has a market cap of C$3.55 billion, a price-to-earnings ratio of 54.17 and a beta of 1.38.

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

About Hammond Power Solutions

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.