Hammond Power Solutions Inc. (TSE:HPS.A) Given Average Recommendation of “Buy” by Analysts

Hammond Power Solutions Inc. (TSE:HPS.A) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$371.86.

Several equities analysts have commented on the stock. National Bank Financial raised their target price on shares of Hammond Power Solutions from C$325.00 to C$355.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. set a C$430.00 target price on shares of Hammond Power Solutions and gave the company an “overweight” rating in a research note on Thursday, May 28th. 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 company an “outperform” rating in a research note on Thursday, May 7th. Canaccord Genuity Group raised their target price on shares of Hammond Power Solutions from C$226.00 to C$348.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, ATB Cormark Capital Markets raised 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 report on Thursday, May 7th.

Hammond Power Solutions Price Performance

Hammond Power Solutions stock traded up C$9.75 during trading hours on Tuesday, hitting C$348.24. 44,433 shares of the company traded hands, compared to its average volume of 85,324. The firm has a market cap of C$4.15 billion, a P/E ratio of 63.20 and a beta of 1.38. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The firm’s 50-day simple moving average is C$308.80 and its two-hundred day simple moving average is C$227.84. Hammond Power Solutions has a 1-year low of C$111.09 and a 1-year high of C$365.12.

Hammond Power Solutions (TSE:HPS.A) last released its earnings results on Tuesday, May 5th. The company reported C$2.08 EPS for the quarter. The firm had revenue of C$264.84 million for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. As a group, analysts forecast 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.