Hammond Power Solutions (TSE:HPS.A) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Canaccord Genuity raised its price target on Hammond Power Solutions to C$226 and maintained a "buy" rating, implying a potential 18.32% upside from the current price.
• Other analysts have also boosted targets (ATB Cormark to C$250, National Bank Financial to C$220), leaving a consensus analyst rating of Buy with an average target of C$211.
• HPS.A traded at C$191.01 midday with a market cap of C$2.27 billion, a P/E of 28.17, recent quarterly EPS of C$1.98 on C$254.09M revenue, and a one‑year range of C$69.29–C$217.46.

Hammond Power Solutions (TSE:HPS.A - Get Free Report) had its price objective increased by research analysts at Canaccord Genuity Group from C$223.00 to C$226.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 18.32% from the company's current price.

HPS.A has been the topic of several other reports. ATB Cormark Capital Markets increased their price target on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a report on Wednesday, February 18th. National Bank Financial boosted their price objective on Hammond Power Solutions from C$215.00 to C$220.00 and gave the stock an "outperform" rating in a report on Monday. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hammond Power Solutions has an average rating of "Buy" and a consensus target price of C$211.00.

Hammond Power Solutions Stock Performance

HPS.A stock traded down C$6.66 during midday trading on Monday, reaching C$191.01. 94,008 shares of the company were exchanged, compared to its average volume of 73,828. Hammond Power Solutions has a one year low of C$69.29 and a one year high of C$217.46. The firm has a market capitalization of C$2.27 billion, a price-to-earnings ratio of 28.17 and a beta of 0.48. The business has a 50-day moving average price of C$186.30 and a two-hundred day moving average price of C$165.83. 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 issued its quarterly earnings data on Thursday, March 19th. The company reported C$1.98 earnings per share for the quarter. The company 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 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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