Hammond Power Solutions (TSE:HPS.A) Sets New 12-Month High – Here’s What Happened

Hammond Power Solutions Inc. (TSE:HPS.A)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$327.19 and last traded at C$326.33, with a volume of 40518 shares changing hands. The stock had previously closed at C$311.12.

Analyst Ratings Changes

Several research analysts have recently commented on HPS.A shares. Canaccord Genuity Group boosted their target price on Hammond Power Solutions from C$226.00 to C$348.00 and gave the stock a “buy” rating in a report on Thursday. ATB Cormark Capital Markets lifted their price objective on Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank Of Canada increased their target price on Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, National Bank Financial raised their target price on Hammond Power Solutions from C$235.00 to C$325.00 and gave the company an “outperform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$343.25.

Hammond Power Solutions Stock Performance

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 stock has a market cap of C$3.92 billion, a price-to-earnings ratio of 59.70 and a beta of 0.96. The stock’s fifty day moving average is C$215.80 and its 200-day moving average is C$189.79.

Hammond Power Solutions (TSE:HPS.A) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$2.08 earnings per share 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 for the quarter. On average, analysts forecast that Hammond Power Solutions Inc. will post 7.4221267 EPS 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.