Hammond Power Solutions (TSE:HPS.A) Sets New 1-Year High - Here's What Happened

Key Points

• Hammond Power Solutions hit a new 52-week high of C$297.40 (last trade C$295.20) during mid-day trading, trading well above its 50‑day (C$209.86) and 200‑day (C$186.29) moving averages.
• Analysts are broadly bullish with a consensus Buy rating and an average price target of C$240.25 after several firms raised targets and issued outperform/buy ratings, although that consensus target remains below the current share price.
• The company reported quarterly EPS of C$1.98 on C$254.09M in revenue, with an 8.73% net margin and 28.43% ROE, while trading at a premium valuation (market cap C$3.44B; P/E 47.65).

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$297.40 and last traded at C$295.20, with a volume of 9956 shares. The stock had previously closed at C$289.61.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HPS.A. ATB Cormark Capital Markets lifted their price target on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a research note on Wednesday, February 18th. National Bank Financial raised their price objective on shares of Hammond Power Solutions from C$220.00 to C$235.00 and gave the stock an "outperform" rating in a report on Tuesday, April 7th. Royal Bank Of Canada set a C$250.00 price objective on shares of Hammond Power Solutions and gave the company an "outperform" rating in a research report on Monday, April 13th. Finally, Canaccord Genuity Group upped their target price on shares of Hammond Power Solutions from C$223.00 to C$226.00 and gave the stock a "buy" rating in a research note on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Hammond Power Solutions presently has a consensus rating of "Buy" and an average price target of C$240.25.

Hammond Power Solutions Stock Down 0.1%

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 company has a market capitalization of C$3.44 billion, a P/E ratio of 47.65 and a beta of 0.93. The firm's 50 day moving average price is C$209.86 and its two-hundred day moving average price is C$186.29.

Hammond Power Solutions (TSE:HPS.A - Get Free Report) last announced its quarterly earnings data on Thursday, March 19th. The company reported C$1.98 EPS for the quarter. The business had revenue of C$254.09 million for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. Equities research analysts forecast that Hammond Power Solutions Inc. will post 7.4221267 EPS 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.

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