Acumen Capital Issues Positive Forecast for Hammond Power Solutions (TSE:HPS.A) Stock Price

Hammond Power Solutions (TSE:HPS.A) had its target price hoisted by equities researchers at Acumen Capital from C$345.00 to C$365.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s target price indicates a potential upside of 7.05% from the company’s current price.

HPS.A has been the subject of a number of other reports. Raymond James Financial set a C$405.00 price target on Hammond Power Solutions and gave the company an “outperform” rating in a research note on Tuesday. 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. ATB Cormark Capital Markets raised their price objective on Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Canaccord Genuity Group lifted their price objective on Hammond Power Solutions from C$226.00 to C$348.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada boosted 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, May 7th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, Hammond Power Solutions has a consensus rating of “Buy” and an average price target of C$371.86.

Hammond Power Solutions Trading Up 0.7%

Shares of HPS.A stock traded up C$2.46 during trading hours on Tuesday, reaching C$340.95. The company had a trading volume of 24,949 shares, compared to its average volume of 85,247. Hammond Power Solutions has a 1-year low of C$111.09 and a 1-year high of C$365.12. 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$4.06 billion, a price-to-earnings ratio of 61.88 and a beta of 1.38. The company has a 50 day moving average of C$308.80 and a 200 day moving average of C$227.84.

Hammond Power Solutions (TSE:HPS.A) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$2.08 EPS 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 during the quarter. On average, equities research analysts anticipate that Hammond Power Solutions 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.