Hammond Power Solutions (TSE:HPS.A) Price Target Raised to C$380.00

Hammond Power Solutions (TSE:HPS.A) had its target price upped by National Bank Financial from C$355.00 to C$380.00 in a research report report published on Tuesday,BayStreet reports. They currently have an outperform rating on the stock.

HPS.A has been the subject of several other reports. Raymond James Financial set a C$405.00 target price on Hammond Power Solutions and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Acumen Capital raised their price target on Hammond Power Solutions from C$345.00 to C$365.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Finally, ATB Cormark Capital Markets lifted their price target on Hammond Power Solutions from C$350.00 to C$400.00 and gave the company an “outperform” rating in a report on Friday, October 9th. Seven equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Hammond Power Solutions currently has a consensus rating of “Buy” and an average price target of C$382.57.

Hammond Power Solutions Trading Down 3.4%

Shares of HPS.A opened at C$257.04 on Tuesday. The stock has a fifty day moving average of C$260.11 and a two-hundred day moving average of C$277.59. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The company has a market capitalization of C$3.06 billion, a PE ratio of 49.72 and a beta of 0.94. Hammond Power Solutions has a fifty-two week low of C$132.49 and a fifty-two week high of C$365.12.

Hammond Power Solutions (TSE:HPS.A) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$2.76 earnings per share (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$324.80 million for the quarter. As a group, analysts forecast that Hammond Power Solutions will post 7.42 EPS for the current year.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc (‘HPS’ or the ‘Company’) enables electrification through its broad range of dry-type transformers, power quality products and related magnetic and power conversion systems. HPS’ standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The Company has manufacturing plants in North America, Europe and Asia and sells its products around the globe.