Hammond Power Solutions (TSE:HPS.A) Given New C$350.00 Price Target at Royal Bank Of Canada

Hammond Power Solutions (TSE:HPS.A) had its price target boosted by Royal Bank Of Canada from C$250.00 to C$350.00 in a report issued on Thursday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research analysts also recently issued reports on HPS.A. National Bank Financial lifted their price objective on Hammond Power Solutions from C$220.00 to C$235.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. ATB Cormark Capital Markets lifted their price objective on Hammond Power Solutions from C$235.00 to C$250.00 in a research report on Wednesday, February 18th. Finally, Canaccord Genuity Group lifted 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 report on Monday, March 23rd. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hammond Power Solutions presently has a consensus rating of “Buy” and an average price target of C$343.25.

Hammond Power Solutions Price Performance

HPS.A stock opened at C$320.56 on Thursday. The firm has a 50 day moving average of C$215.80 and a 200-day moving average of C$189.79. Hammond Power Solutions has a 12-month low of C$92.47 and a 12-month high of C$326.44. 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 cap of C$3.82 billion, a price-to-earnings ratio of 52.81 and a beta of 0.96.

Hammond Power Solutions (TSE:HPS.A) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$2.08 earnings per share (EPS) for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. The company had revenue of C$264.84 million during the quarter. As a group, equities analysts expect that Hammond Power Solutions will post 7.4221267 EPS for the current fiscal year.

Trending Headlines about Hammond Power Solutions

Here are the key news stories impacting Hammond Power Solutions this week:

• Positive Sentiment: National Bank Financial raised its price target to C$325 and kept an “outperform” rating (from C$235 previously). The raise signals continued analyst confidence. BayStreet National Bank Raise TickerReport
• Positive Sentiment: ATB Cormark Capital Markets increased its price target to C$350 and kept an “outperform” rating — a meaningful lift that implies double‑digit upside from the prior reference price. BayStreet ATB Cormark Raise
• Positive Sentiment: Canaccord Genuity raised its target to C$348 and reiterated a “buy” rating, another institutional endorsement driving buying interest. BayStreet Canaccord Raise
• Positive Sentiment: Royal Bank of Canada lifted its target to C$350 with an “outperform” call — multiple high‑profile banks raising targets boosts perceived upside and liquidity demand. BayStreet RBC Raise
• Positive Sentiment: Quarterly results: HPS reported C$2.08 EPS and C$264.84M revenue, with a return on equity of 28.4% and net margin ~8.7% — solid fundamentals that validate the analyst optimism. MarketBeat Earnings Press Release
• Positive Sentiment: Industry/market narrative: Coverage highlights Hammond’s record sales tied to a projected $725B AI infrastructure buildout — positions the company as a beneficiary of long‑term demand for transformers and power equipment. MSN Article
• Negative Sentiment: Valuation/technical caution: the stock now trades at a high P/E (~52.8) after a strong run — elevated valuation could limit near‑term upside and invite profit‑taking or heightened sensitivity to execution misses. No external link

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.