Hammond Power Solutions Inc. (TSE:HPS.A) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Analysts remain bullish: All seven firms covering Hammond Power Solutions rate the stock “Buy,” with an average 12-month target price of C$379. Recent targets range from C$365 to C$405.
• Shares rose to C$309 during Friday trading, near the upper half of their C$127.17–C$365.12 52-week range. The company has a C$3.68 billion market capitalization and trades at a P/E ratio of 59.77.
• Hammond Power Solutions reported quarterly EPS of C$2.76 on revenue of C$324.8 million, with an 8.73% net margin and 28.43% return on equity. Analysts expect full-year EPS of approximately C$7.42.

Shares of Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) have earned an average rating of "Buy" from the seven research firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$379.00.

HPS.A has been the subject of a number of research reports. Acumen Capital boosted their target price on shares of Hammond Power Solutions from C$345.00 to C$365.00 and gave the company a "buy" rating in a research report on Tuesday, June 30th. Raymond James Financial set a C$405.00 price objective on Hammond Power Solutions and gave the company an "outperform" rating in a research note on Tuesday, June 30th. Finally, ATB Cormark Capital Markets boosted their price objective on Hammond Power Solutions from C$350.00 to C$400.00 and gave the company an "outperform" rating in a report on Friday.

Hammond Power Solutions Stock Performance

TSE HPS.A traded up C$21.86 during trading hours on Friday, reaching C$309.00. The stock had a trading volume of 61,547 shares, compared to its average volume of 76,630. Hammond Power Solutions has a 52-week low of C$127.17 and a 52-week high of C$365.12. The stock has a fifty day moving average of C$257.80 and a 200 day moving average of C$274.28. 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 stock has a market cap of C$3.68 billion, a P/E ratio of 59.77 and a beta of 0.94.

Hammond Power Solutions (TSE:HPS.A - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$2.76 EPS for the quarter. The business had revenue of C$324.80 million during the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. Sell-side analysts predict that Hammond Power Solutions will post 7.4221267 earnings per share for the current year.

About Hammond Power Solutions

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.

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