Hammond Power Solutions Inc. (TSE:HPS.A) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Analysts unanimously rate Hammond Power Solutions “Buy”: All seven covering firms issued buy recommendations, with an average 12-month price target of C$371.86.
• Recent target prices range from C$355 to C$430, including upgrades from National Bank Financial and Acumen Capital, while JPMorgan and Raymond James maintained bullish ratings.
• The company reported quarterly revenue of C$324.8 million and earnings of C$2.76 per share, with an 8.73% net margin and 28.43% return on equity.

Shares of Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) have earned a consensus recommendation of "Buy" from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have covered the stock in the last year is C$371.86.

Several brokerages have commented on HPS.A. JPMorgan Chase & Co. set a C$430.00 target price on Hammond Power Solutions and gave the stock an "overweight" rating in a research note on Thursday, May 28th. National Bank Financial raised their price objective on shares of Hammond Power Solutions from C$325.00 to C$355.00 and gave the company an "outperform" rating in a research report on Wednesday, June 10th. Raymond James Financial set a C$405.00 price objective on shares of Hammond Power Solutions and gave the company an "outperform" rating in a research note on Tuesday, June 30th. Finally, Acumen Capital upped their target price on shares of Hammond Power Solutions from C$345.00 to C$365.00 and gave the stock a "buy" rating in a report on Tuesday, June 30th.

Hammond Power Solutions Trading Up 2.5%

TSE:HPS.A opened at C$253.85 on Friday. The company has a market cap of C$3.02 billion, a P/E ratio of 49.10 and a beta of 1.20. The stock's fifty day moving average price is C$264.34 and its two-hundred day moving average price is C$262.90. Hammond Power Solutions has a 1 year low of C$111.23 and a 1 year high of C$365.12. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06.

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