Hammond Power Solutions (TSE:HPS.A) Price Target Raised to C$325.00

Key Points

• Analyst upgrades: National Bank Financial raised its price target on Hammond Power Solutions from C$235 to C$325 with an "outperform" rating, while other firms (including RBC) also lifted targets, leaving a consensus "Buy" and a consensus price target of C$343.25.
• Market move & valuation: HPS.A jumped 4.6% to C$318.60, trading near its 1‑year high of C$326.44, with a market capitalization of C$3.79 billion and a P/E of 52.49.
• Recent financials: The company posted quarterly EPS of C$2.08 on C$264.84M revenue, with an 8.73% net margin and 28.43% ROE, and analysts expect about C$7.42 EPS for the current year.

Hammond Power Solutions (TSE:HPS.A - Get Free Report) had its price target boosted by National Bank Financial from C$235.00 to C$325.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's target price indicates a potential upside of 2.01% from the stock's previous close.

Several other research analysts have also weighed in on HPS.A. Canaccord Genuity Group increased 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. Royal Bank Of Canada lifted their target price on Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, ATB Cormark Capital Markets increased their price target on Hammond Power Solutions from C$235.00 to C$250.00 in a report on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hammond Power Solutions presently has a consensus rating of "Buy" and a consensus price target of C$343.25.

Hammond Power Solutions Trading Up 4.6%

HPS.A stock traded up C$14.12 during trading on Thursday, reaching C$318.60. 48,276 shares of the stock were exchanged, compared to its average volume of 88,456. 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 firm has a market capitalization of C$3.79 billion, a price-to-earnings ratio of 52.49 and a beta of 0.96. The business has a 50 day moving average price of C$213.40 and a 200-day moving average price of C$188.51. Hammond Power Solutions has a 1 year low of C$92.47 and a 1 year high of C$326.44.

Hammond Power Solutions (TSE:HPS.A - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$2.08 earnings per share for the quarter. The business had revenue of C$264.84 million during the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. On average, research analysts predict that Hammond Power Solutions will post 7.4221267 earnings per share 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.

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