Hammond Power Solutions (TSE:HPS.A) PT Set at C$250.00 by Royal Bank Of Canada

Key Points

• Royal Bank of Canada set a C$250 price target and an "outperform" rating on Hammond Power Solutions, implying ~3.07% upside; the consensus among analysts is a Buy with a consensus price target of C$240.25 after several recent target increases.
• The stock surged 12.5% to C$242.56 on heavy volume, trading near its 12‑month high of C$246.60 and moving closer to RBC's C$250 target.
• Recent results showed C$1.98 EPS for the quarter and C$254.09M in revenue, with a ROE of 28.43%, a market cap of C$2.89B and a current P/E around 39.96; analysts forecast roughly 7.42 EPS for the fiscal year.

Hammond Power Solutions (TSE:HPS.A - Get Free Report) has been given a C$250.00 price objective by equities researchers at Royal Bank Of Canada in a report released on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 3.07% from the stock's previous close.

Several other analysts also recently weighed in on HPS.A. Canaccord Genuity Group lifted their target price 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. ATB Cormark Capital Markets lifted their target price on Hammond Power Solutions from C$235.00 to C$250.00 in a research report on Wednesday, February 18th. Finally, National Bank Financial lifted their price objective on Hammond Power Solutions from C$220.00 to C$235.00 and gave the company an "outperform" rating in a report on Tuesday, April 7th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$240.25.

Hammond Power Solutions Trading Up 12.5%

Shares of TSE:HPS.A traded up C$26.90 on Monday, hitting C$242.56. 156,279 shares of the company's stock were exchanged, compared to its average volume of 83,762. Hammond Power Solutions has a 12 month low of C$77.55 and a 12 month high of C$246.60. The stock has a market capitalization of C$2.89 billion, a price-to-earnings ratio of 39.96 and a beta of 0.93. The business's 50 day simple moving average is C$193.97 and its two-hundred day simple moving average is C$173.65. 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 released its earnings results on Thursday, March 19th. The company reported C$1.98 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 business had revenue of C$254.09 million during the quarter. Analysts anticipate that Hammond Power Solutions will post 7.4221267 EPS for the current fiscal 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.

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