Hammond Power Solutions (TSE:HPS.A) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Hammond Power Solutions Inc. (TSE:HPS.A) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$290.15 and traded as high as C$324.99. Hammond Power Solutions shares last traded at C$318.48, with a volume of 41,680 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HPS.A shares. National Bank Financial lifted their target price on Hammond Power Solutions from C$325.00 to C$355.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. ATB Cormark Capital Markets lifted 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, May 7th. Royal Bank Of Canada lifted 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, May 7th. Canaccord Genuity Group lifted 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, May 7th. Finally, JPMorgan Chase & Co. set a C$430.00 target price on Hammond Power Solutions and gave the stock an “overweight” rating in a report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hammond Power Solutions has an average rating of “Buy” and an average target price of C$366.60.

Hammond Power Solutions Stock Down 1.5%

The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The firm has a market cap of C$3.79 billion, a PE ratio of 57.80 and a beta of 1.38. The business has a fifty day moving average price of C$290.15 and a two-hundred day moving average price of C$218.65.

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 for the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%.The business had revenue of C$264.84 million for the quarter. On average, analysts anticipate that Hammond Power Solutions Inc. will post 7.4221267 EPS 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.