Hammond Power Solutions Inc. (TSE:HPS.A) Receives Consensus Rating of “Buy” from Analysts

Hammond Power Solutions Inc. (TSE:HPS.A) has been given a consensus recommendation of “Buy” by the seven research firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$371.86.

HPS.A has been the topic of a number of recent research reports. ATB Cormark Capital Markets raised their price objective on Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Canaccord Genuity Group upped their target price on Hammond Power Solutions from C$226.00 to C$348.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. set a C$430.00 target price on Hammond Power Solutions and gave the stock an “overweight” rating in a report on Thursday, May 28th. Raymond James Financial set a C$405.00 price target on Hammond Power Solutions and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada boosted their price target on Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th.

Hammond Power Solutions Stock Performance

Shares of TSE:HPS.A opened at C$274.54 on Friday. Hammond Power Solutions has a 12-month low of C$111.09 and a 12-month high of C$365.12. The company’s 50 day moving average price is C$313.50 and its two-hundred day moving average price is C$246.15. The firm has a market cap of C$3.27 billion, a PE ratio of 49.83 and a beta of 1.35. 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 (TSE:HPS.A) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$2.08 earnings per share for the quarter. The company had revenue of C$264.84 million during the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. Equities research analysts predict that Hammond Power Solutions will post 7.4221267 earnings per share 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.