Hammond Power Solutions (TSE:HPS.A) Sets New 12-Month High – Still a Buy?

Hammond Power Solutions Inc. (TSE:HPS.A) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$297.40 and last traded at C$295.20, with a volume of 9956 shares traded. The stock had previously closed at C$289.61.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HPS.A. National Bank Financial raised their price target on Hammond Power Solutions from C$220.00 to C$235.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Canaccord Genuity Group upped their price objective on Hammond Power Solutions from C$223.00 to C$226.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Royal Bank Of Canada set a C$250.00 target price on shares of Hammond Power Solutions and gave the company an “outperform” rating in a research note on Monday, April 13th. Finally, ATB Cormark Capital Markets boosted their target price on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$240.25.

Hammond Power Solutions Price Performance

The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The company has a market capitalization of C$3.44 billion, a P/E ratio of 47.65 and a beta of 0.93. The company has a 50 day moving average price of C$209.86 and a 200 day moving average price of C$186.29.

Hammond Power Solutions (TSE:HPS.A) last announced its quarterly earnings results on Thursday, March 19th. The company reported C$1.98 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$254.09 million during the quarter. On average, equities analysts predict that Hammond Power Solutions Inc. will post 7.4221267 EPS for the current fiscal year.

About Hammond Power Solutions

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.