Analysts Set Hammond Power Solutions Inc. (TSE:HPS.A) PT at C$371.86

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$371.86.

Several research analysts recently weighed in on the company. Canaccord Genuity Group lifted their price target on Hammond Power Solutions from C$226.00 to C$348.00 and gave the company a “buy” rating in a research 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 research note on Thursday, May 28th. 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 research note on Tuesday, June 30th. ATB Cormark Capital Markets raised their price target on shares of Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a report on Thursday, May 7th.

Hammond Power Solutions Stock Performance

TSE HPS.A opened at C$235.87 on Wednesday. The stock has a 50-day simple moving average of C$288.45 and a two-hundred day simple moving average of C$260.00. The firm has a market capitalization of C$655.25 million, a P/E ratio of 45.62 and a beta of 1.30. Hammond Power Solutions has a fifty-two week low of C$111.09 and a fifty-two week high of C$365.12. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03.

Hammond Power Solutions (TSE:HPS.A) last issued 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 during the quarter. On average, equities analysts forecast that Hammond Power Solutions will post 7.4221267 earnings per share for the current 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.