Hammond Power Solutions (TSE:HPS.A) Price Target Raised to C$348.00 at Canaccord Genuity Group

Hammond Power Solutions (TSE:HPS.A) had its target price raised by Canaccord Genuity Group from C$226.00 to C$348.00 in a research report sent to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on HPS.A. Royal Bank Of Canada raised their target price on shares of Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a report on Thursday. ATB Cormark Capital Markets raised their target price on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a report on Wednesday, February 18th. Finally, National Bank Financial raised their target price on shares of Hammond Power Solutions from C$235.00 to C$325.00 and gave the stock an “outperform” rating in a report on Thursday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$343.25.

Hammond Power Solutions Trading Up 5.3%

Shares of TSE:HPS.A opened at C$320.56 on Thursday. The stock has a market capitalization of C$3.82 billion, a price-to-earnings ratio of 52.81 and a beta of 0.96. Hammond Power Solutions has a 1-year low of C$92.47 and a 1-year high of C$326.44. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The company has a 50 day moving average price of C$215.80 and a 200 day moving average price of C$189.79.

Hammond Power Solutions (TSE:HPS.A) last issued its earnings results on Tuesday, May 5th. The company reported C$2.08 earnings per share for the quarter. The firm 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, research analysts anticipate that Hammond Power Solutions will post 7.4221267 EPS for the current fiscal year.

Hammond Power Solutions News Roundup

Here are the key news stories impacting Hammond Power Solutions this week:

• Positive Sentiment: National Bank Financial raised its price target to C$325 and kept an “outperform” rating (from C$235 previously). The raise signals continued analyst confidence. BayStreet National Bank Raise TickerReport
• Positive Sentiment: ATB Cormark Capital Markets increased its price target to C$350 and kept an “outperform” rating — a meaningful lift that implies double?digit upside from the prior reference price. BayStreet ATB Cormark Raise
• Positive Sentiment: Canaccord Genuity raised its target to C$348 and reiterated a “buy” rating, another institutional endorsement driving buying interest. BayStreet Canaccord Raise
• Positive Sentiment: Royal Bank of Canada lifted its target to C$350 with an “outperform” call — multiple high?profile banks raising targets boosts perceived upside and liquidity demand. BayStreet RBC Raise
• Positive Sentiment: Quarterly results: HPS reported C$2.08 EPS and C$264.84M revenue, with a return on equity of 28.4% and net margin ~8.7% — solid fundamentals that validate the analyst optimism. MarketBeat Earnings Press Release
• Positive Sentiment: Industry/market narrative: Coverage highlights Hammond’s record sales tied to a projected $725B AI infrastructure buildout — positions the company as a beneficiary of long?term demand for transformers and power equipment. MSN Article
• Negative Sentiment: Valuation/technical caution: the stock now trades at a high P/E (~52.8) after a strong run — elevated valuation could limit near?term upside and invite profit?taking or heightened sensitivity to execution misses. No external link

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.