Hammond Power Solutions Inc. (TSE:HPS.A) Given Consensus Recommendation of “Buy” by Analysts

Hammond Power Solutions Inc. (TSE:HPS.A) has received an average recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$371.86.

HPS.A has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price objective 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. JPMorgan Chase & Co. set a C$430.00 price objective on shares of Hammond Power Solutions and gave the stock an “overweight” rating in a report on Thursday, May 28th. ATB Cormark Capital Markets increased their price objective 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. National Bank Financial increased their price objective on shares of Hammond Power Solutions from C$325.00 to C$355.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Finally, Canaccord Genuity Group increased their price objective on shares of Hammond Power Solutions from C$226.00 to C$348.00 and gave the stock a “buy” rating in a report on Thursday, May 7th.

Hammond Power Solutions Stock Performance

Shares of TSE:HPS.A traded up C$9.75 on Tuesday, reaching C$348.24. 44,433 shares of the company’s stock were exchanged, compared to its average volume of 85,324. The firm has a market capitalization of C$4.15 billion, a price-to-earnings ratio of 63.20 and a beta of 1.38. Hammond Power Solutions has a fifty-two week low of C$111.09 and a fifty-two week high of C$365.12. The business’s 50-day moving average is C$308.80 and its two-hundred day moving average is C$227.84. 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 (TSE:HPS.A) last issued its earnings results on Tuesday, May 5th. The company reported C$2.08 earnings per share for the quarter. The company had revenue of C$264.84 million for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. As a group, equities research analysts forecast 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.