Hammond Power Solutions (TSE:HPS.A) Price Target Raised to C$226.00

Hammond Power Solutions (TSE:HPS.A) had its target price lifted by Canaccord Genuity Group from C$223.00 to C$226.00 in a report issued on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

HPS.A has been the subject of a number of other reports. ATB Cormark Capital Markets increased their target price on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a research report on Wednesday, February 18th. National Bank Financial upped their price objective on shares of Hammond Power Solutions from C$215.00 to C$220.00 and gave the company an “outperform” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$232.00.

Hammond Power Solutions Stock Down 1.2%

Shares of HPS.A opened at C$194.76 on Monday. The stock has a 50 day moving average price of C$188.14 and a 200 day moving average price of C$167.06. 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 debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The stock has a market capitalization of C$2.32 billion, a price-to-earnings ratio of 32.09 and a beta of 0.48.

Hammond Power Solutions (TSE:HPS.A) last announced its quarterly earnings data 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 company had revenue of C$254.09 million for the quarter. Equities research analysts forecast that Hammond Power Solutions will post 7.4221267 earnings per share for the current fiscal year.

Hammond Power Solutions Company Profile

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.