National Bank Financial Increases Hammond Power Solutions (TSE:HPS.A) Price Target to C$220.00

Key Points

• National Bank Financial raised its price target on Hammond Power Solutions to C$220 (from C$215) with an "outperform" rating while ATB Cormark boosted its target to C$250; three analysts rate the stock a Buy and the consensus target is C$211.
• The shares fell to C$191.01 on the latest session, but Hammond reported strong quarterly results — C$1.98 EPS, C$254.09M revenue, 28.43% ROE and an 8.73% net margin — and trades at a market cap of C$2.27B with a P/E of 28.17.

Hammond Power Solutions (TSE:HPS.A - Get Free Report) had its price objective raised by equities researchers at National Bank Financial from C$215.00 to C$220.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price target would indicate a potential upside of 15.18% from the stock's previous close.

Separately, ATB Cormark Capital Markets boosted their price target on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$211.00.

Hammond Power Solutions Stock Performance

Shares of TSE:HPS.A traded down C$6.66 during trading on Monday, hitting C$191.01. 94,008 shares of the company traded hands, compared to its average volume of 73,828. The stock has a market capitalization of C$2.27 billion, a price-to-earnings ratio of 28.17 and a beta of 0.48. Hammond Power Solutions has a one year low of C$69.29 and a one year high of C$217.46. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The business's fifty day moving average is C$186.30 and its 200-day moving average is C$165.83.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.