Hammond Power Solutions Inc. (TSE:HPS.A) Receives Average Recommendation of “Buy” from Brokerages

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

A number of analysts recently commented on HPS.A shares. Canaccord Genuity Group lifted their price objective on Hammond Power Solutions from C$226.00 to C$348.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Raymond James Financial set a C$405.00 target price on shares of Hammond Power Solutions and gave the company an “outperform” rating in a report on Tuesday, June 30th. National Bank Financial raised their price target on shares of Hammond Power Solutions from C$325.00 to C$355.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. ATB Cormark Capital Markets lifted their price target on shares of 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. Finally, Acumen Capital boosted their price objective on shares of Hammond Power Solutions from C$345.00 to C$365.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th.

Hammond Power Solutions Stock Down 0.8%

Shares of TSE HPS.A opened at C$250.69 on Friday. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. Hammond Power Solutions has a 52 week low of C$111.09 and a 52 week high of C$365.12. The firm has a 50-day moving average price of C$307.74 and a 200 day moving average price of C$249.11. The stock has a market capitalization of C$2.98 billion, a price-to-earnings ratio of 45.50 and a beta of 1.35.

Hammond Power Solutions (TSE:HPS.A) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$2.08 EPS for the quarter. The business had revenue of C$264.84 million for the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%. Equities research analysts anticipate that Hammond Power Solutions 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.