Should I buy or sell Hammond Power Solutions stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hammond Power Solutions in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HPS.A shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HPS.A, but not buy additional shares or sell existing shares. View HPS.A analyst ratings or view top-rated stocks .

What is Hammond Power Solutions' stock price target for 2024?

1 brokerages have issued 12 month price objectives for Hammond Power Solutions' shares. Their HPS.A share price targets range from C$164.00 to C$167.00. On average, they anticipate the company's stock price to reach C$165.50 in the next year. This suggests a possible upside of 16.4% from the stock's current price. View analysts price targets for HPS.A or view top-rated stocks among Wall Street analysts .

How have HPS.A shares performed in 2024?

Hammond Power Solutions' stock was trading at C$81.70 at the beginning of the year. Since then, HPS.A stock has increased by 74.1% and is now trading at C$142.20. View the best growth stocks for 2024 here .

Is Hammond Power Solutions a good dividend stock?

Hammond Power Solutions (TSE:HPS.A) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 0.47%. The dividend payout ratio is 11.61%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for HPS.A .

How do I buy shares of Hammond Power Solutions?

Shares of HPS.A stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:HPS.A

Hammond Power Solutions (HPS.A) Stock Price, News & Analysis

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Free HPS.A Stock Alerts

C$142.20

-13.58 (-8.72%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$141.50
▼
C$156.75
50-Day Range: C$101.00
▼
C$157.35
52-Week Range: C$35.92
▼
C$160.51

Volume: 163,828 shs
Average Volume: 65,933 shs
Market Capitalization: C$1.30 billion

P/E Ratio: 27.50
Dividend Yield: 0.42%
Price Target: C$165.50

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

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Hammond Power Solutions MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 16.4% Upside
C$165.50 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.62
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.93 out of 5 stars

2.0

Analyst's Opinion

Consensus Rating
Hammond Power Solutions has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Hammond Power Solutions has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for HPS.A.

0.8

Dividend Strength

Dividend Yield
Hammond Power Solutions has a dividend yield of 0.47%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Hammond Power Solutions does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Hammond Power Solutions is 11.61%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HPS.A.

3.1

News and Social Media Coverage

News Sentiment
Hammond Power Solutions has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Hammond Power Solutions this week, compared to 0 articles on an average week.
MarketBeat Follows
5 people have added Hammond Power Solutions to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hammond Power Solutions insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.70% of the stock of Hammond Power Solutions is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 22.56% of the stock of Hammond Power Solutions is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Hammond Power Solutions is 27.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hammond Power Solutions is 27.50, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 264.88.
Price to Book Value per Share Ratio
Hammond Power Solutions has a P/B Ratio of 7.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Hammond Power Solutions Stock (TSE:HPS.A)

Hammond Power Solutions Inc., together with its subsidiaries, designs, manufactures, and sells dry-type, cast resin, and liquid filled transformers, as well as wound magnetic products for the electrical and related industries. The company provides control and automation products, including molded machine tool industrial control, industrial open core and coil control, general purpose enclosed, encapsulated control, and energy efficient drive isolation transformers, as well as reactors, DV/DT filters, and motor starting autotransformers. It also offers low voltage distribution, medium voltage distribution, and power transformers; transformers for potted and specialty electrical applications; and transformers for original equipment manufacturers. In addition, the company engineers, manufactures, and exports custom products consisting of air core and iron reactors up to 2,500 amps; cyclone converters; large indoor/outdoor current limiting air-core reactors; and 12, 18, and 24 multi-pulse drive/inverter duty transformers, as well as excitation, rectifier duty, traction duty, and mining duty excavator transformers. The company serves oil and gas, mining, steel, waste and water treatment, and wind power-generation industries in Canada, the United States, Mexico, Italy, and India. Hammond Power Solutions Inc. was founded in 1917 and is headquartered in Guelph, Canada.

HPS.A Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HPS.A Stock News Headlines

April 17, 2024 | americanbankingnews.com

Hammond Power Solutions (TSE:HPS.A) Hits New 12-Month High at $160.00

April 11, 2024 | americanbankingnews.com

Hammond Power Solutions (TSE:HPS.A) Given a C$164.00 Price Target at National Bankshares

April 18, 2024 | Gold Safe Exchange (Ad)

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March 28, 2024 | nz.finance.yahoo.com

Ryan Gosling and Jessie Henderson Launch General Admission Production Company, Ink First Look Deal With Amazon MGM Studios

March 28, 2024 | ca.finance.yahoo.com

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March 23, 2024 | ca.finance.yahoo.com

Hammond Power Solutions Inc. (HPS-A.TO)

February 13, 2024 | msn.com

5 Canadian Stocks Set to Soar in 2024

February 7, 2024 | msn.com

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

February 5, 2024 | ca.finance.yahoo.com

Thermal Energy at 52-Week High on News

February 1, 2024 | markets.businessinsider.com

Hammond Power Solutions Announces COO Retirement and Appoints Mr. John Bailey as COO

January 25, 2024 | fool.ca

New Investor? Buy These 3 Growth Stocks

January 24, 2024 | baystreet.ca

Aecon, CGI, kneat.com at 52-Week Highs

January 5, 2024 | msn.com

A Bull Market Could Be Here: 3 Reasons to Buy Hammond Power Solutions Stock

December 5, 2023 | msn.com

TFSA Investors: Where to Invest $7,000 in 2024

November 17, 2023 | baystreet.ca

Celestica Among Host of Stocks at 52-Week Highs

November 14, 2023 | finance.yahoo.com

If EPS Growth Is Important To You, Hammond Power Solutions (TSE:HPS.A) Presents An Opportunity

October 28, 2023 | finanznachrichten.de

Hammond Power Solutions Inc: Hammond Power Solutions Reports Third Quarter 2023 Financial Results

October 23, 2023 | finance.yahoo.com

Retail investors account for 51% of Hammond Power Solutions Inc.'s (TSE:HPS.A) ownership, while insiders account for 32%

October 13, 2023 | finance.yahoo.com

Hammond Power Solutions Announces Third Quarter 2023 Financial Results Conference Call and Webcast Notification

September 25, 2023 | finance.yahoo.com

An Intrinsic Calculation For Hammond Power Solutions Inc. (TSE:HPS.A) Suggests It's 42% Undervalued

September 9, 2023 | finance.yahoo.com

Hammond Power Solutions Inc. Annual General Meeting of Shareholders

September 2, 2023 | msn.com

Hammond Power Solutions: Supplying The Electrical Grid With Critical Solutions

June 8, 2023 | msn.com

M PARTNERS Maintains Hammond Power Solutions (TSX:HPS.A) Buy Recommendation

June 7, 2023 | finance.yahoo.com

Here's Why Hammond Power Solutions (TSE:HPS.A) Has Caught The Eye Of Investors

May 24, 2023 | finance.yahoo.com

Those who invested in Hammond Power Solutions (TSE:HPS.A) three years ago are up 662%

May 10, 2023 | finance.yahoo.com

While insiders own 33% of Hammond Power Solutions Inc. (TSE:HPS.A), retail investors are its largest shareholders with 54% ownership

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Computer and Technology
Industry: Electronic Components
Sub-Industry: N/A
Current Symbol: TSE:HPS.A
CUSIP: N/A
CIK: N/A
Web: www.hammondpowersolutions.com
Phone: +1-519-8222441
Fax: N/A
Employees: 1,360
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$165.50
High Stock Price Target: C$167.00
Low Stock Price Target: C$164.00
Potential Upside/Downside: +16.4%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$5.17
Trailing P/E Ratio: 27.50
Forward P/E Ratio: 22.09
P/E Growth: N/A
Net Income: C$61.72 million
Net Margins: 9.25%
Pretax Margin: N/A
Return on Equity: 32.36%
Return on Assets: 15.14%

Debt

Debt-to-Equity Ratio: 14.88
Current Ratio: 1.97
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: C$667.36 million
Price / Sales: 1.95
Cash Flow: C$26.93 per share
Price / Cash Flow: 5.28
Book Value: C$18.30 per share
Price / Book: 7.77

Miscellaneous

Outstanding Shares: 9,130,000
Free Float: N/A
Market Cap: C$1.30 billion
Optionable: Not Optionable
Beta: 0.71

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Key Executives

Mr. William G. Hammond
Chairman & CEO
Mr. Christopher R. Huether
CFO & Corp. Sec.
Dawn Henderson
Mang. of Investor Relations
Mr. Michael Frayne
Director of Marketing
Mr. Larry Lichty
Director of HR

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

HPS.A Stock Analysis - Frequently Asked Questions

Should I buy or sell Hammond Power Solutions stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hammond Power Solutions in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HPS.A shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HPS.A, but not buy additional shares or sell existing shares.
View HPS.A analyst ratings or view top-rated stocks.
What is Hammond Power Solutions' stock price target for 2024?: 1 brokerages have issued 12 month price objectives for Hammond Power Solutions' shares. Their HPS.A share price targets range from C$164.00 to C$167.00. On average, they anticipate the company's stock price to reach C$165.50 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
View analysts price targets for HPS.A or view top-rated stocks among Wall Street analysts.
How have HPS.A shares performed in 2024?: Hammond Power Solutions' stock was trading at C$81.70 at the beginning of the year. Since then, HPS.A stock has increased by 74.1% and is now trading at C$142.20.
View the best growth stocks for 2024 here.

Is Hammond Power Solutions a good dividend stock?: Hammond Power Solutions (TSE:HPS.A) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 0.47%. The dividend payout ratio is 11.61%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for HPS.A.
How do I buy shares of Hammond Power Solutions?: Shares of HPS.A stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:HPS.A) was last updated on 4/18/2024 by MarketBeat.com Staff

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Hammond Power Solutions (HPS.A) Stock Price, News & Analysis

Hammond Power Solutions MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Hammond Power Solutions Stock (TSE:HPS.A)

HPS.A Stock Price History

HPS.A Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

HPS.A Stock Analysis - Frequently Asked Questions

Overall MarketRank^™