National Bank Financial Forecasts Strong Price Appreciation for Hammond Power Solutions (TSE:HPS.A) Stock

Hammond Power Solutions (TSE:HPS.A) had its target price raised by stock analysts at National Bank Financial from C$235.00 to C$325.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 2.01% from the company’s current price.

Several other research firms also recently issued reports on HPS.A. Royal Bank Of Canada upped their price objective on shares of Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a research note on Thursday. Canaccord Genuity Group raised their price target on Hammond Power Solutions from C$223.00 to C$226.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Finally, ATB Cormark Capital Markets raised their target price on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$343.25.

Hammond Power Solutions Stock Up 4.6%

Hammond Power Solutions stock traded up C$14.12 during mid-day trading on Thursday, hitting C$318.60. The company had a trading volume of 48,276 shares, compared to its average volume of 88,456. 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 1 year low of C$92.47 and a 1 year high of C$326.44. The business has a fifty day moving average of C$213.40 and a 200 day moving average of C$188.51. The stock has a market cap of C$3.79 billion, a price-to-earnings ratio of 52.49 and a beta of 0.96.

Hammond Power Solutions (TSE:HPS.A) last issued its earnings results on Tuesday, May 5th. The company reported C$2.08 earnings per share (EPS) for the quarter. The business 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%. On average, sell-side analysts expect that Hammond Power Solutions will post 7.4221267 earnings per share for the current fiscal 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.