Hammond Power Solutions (TSE:HPS.A) Given New C$350.00 Price Target at Royal Bank Of Canada

Hammond Power Solutions (TSE:HPS.A) had its price objective boosted by investment analysts at Royal Bank Of Canada from C$250.00 to C$350.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 9.86% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. National Bank Financial upped their price objective on shares of Hammond Power Solutions from C$220.00 to C$235.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. ATB Cormark Capital Markets lifted 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, Canaccord Genuity Group boosted 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 report on Monday, March 23rd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hammond Power Solutions presently has an average rating of “Buy” and an average target price of C$343.25.

Hammond Power Solutions Stock Up 4.6%

Shares of HPS.A stock traded up C$14.12 during mid-day trading on Thursday, reaching C$318.60. 48,276 shares of the company’s stock traded hands, compared to its average volume of 88,456. Hammond Power Solutions has a 12 month low of C$92.47 and a 12 month high of C$326.44. The company has a market cap of C$3.79 billion, a P/E ratio of 52.49 and a beta of 0.96. 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 company’s 50-day moving average price is C$213.40 and its 200-day moving average price is C$188.51.

Hammond Power Solutions (TSE:HPS.A) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$2.08 earnings per share (EPS) for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. The company had revenue of C$264.84 million during the quarter. On average, equities 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.