Hammond Power Solutions (TSE:HPS.A) Stock Crosses Above 50-Day Moving Average – What’s Next?

Hammond Power Solutions Inc. (TSE:HPS.A)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$251.80 and traded as high as C$316.42. Hammond Power Solutions shares last traded at C$300.88, with a volume of 45,136 shares.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HPS.A. Royal Bank Of Canada raised their target price on shares of Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. ATB Cormark Capital Markets raised their target price on shares of Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. set a C$430.00 target price on shares of Hammond Power Solutions and gave the stock an “overweight” rating in a report on Thursday. National Bank Financial raised their target price on shares of Hammond Power Solutions from C$235.00 to C$325.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Canaccord Genuity Group raised their target price on shares of Hammond Power Solutions from C$226.00 to C$348.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Hammond Power Solutions has a consensus rating of “Buy” and a consensus target price of C$360.60.

Hammond Power Solutions Stock Down 2.5%

The business’s fifty day moving average is C$257.41 and its two-hundred day moving average is C$205.08. The company has a market cap of C$3.86 billion, a P/E ratio of 58.78 and a beta of 0.96. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03.

Hammond Power Solutions (TSE:HPS.A) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$2.08 earnings per share for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. The company had revenue of C$264.84 million during the quarter. Equities analysts predict that Hammond Power Solutions Inc. will post 7.4221267 EPS for the current 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.