Hammond Power Solutions (TSE:HPS.A) Price Target Raised to C$235.00

Hammond Power Solutions (TSE:HPS.A) had its price objective hoisted by analysts at National Bank Financial from C$220.00 to C$235.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 22.46% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Canaccord Genuity Group raised their target price on Hammond Power Solutions from C$223.00 to C$226.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. ATB Cormark Capital Markets boosted their price objective on Hammond Power Solutions from C$235.00 to C$250.00 in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$237.00.

Hammond Power Solutions Trading Down 8.8%

HPS.A traded down C$18.47 during midday trading on Tuesday, reaching C$191.90. 143,305 shares of the company were exchanged, compared to its average volume of 79,877. 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 one year low of C$69.81 and a one year high of C$225.00. The stock has a market capitalization of C$2.28 billion, a P/E ratio of 31.61 and a beta of 0.93. The stock’s 50-day simple moving average is C$191.71 and its 200 day simple moving average is C$171.16.

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