Hammond Power Solutions Inc. (TSE:HPS.A) Receives C$371.86 Average Price Target from Analysts

Hammond Power Solutions Inc. (TSE:HPS.A) has received an average recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is C$371.86.

Several equities analysts recently weighed in on the company. National Bank Financial lifted their price target on Hammond Power Solutions from C$325.00 to C$355.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. set a C$430.00 price target on Hammond Power Solutions and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Acumen Capital raised their price objective on Hammond Power Solutions from C$345.00 to C$365.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Finally, Raymond James Financial set a C$405.00 price objective on Hammond Power Solutions and gave the company an “outperform” rating in a research report on Tuesday, June 30th.

Hammond Power Solutions Stock Up 2.7%

HPS.A stock opened at C$246.76 on Friday. The firm has a market cap of C$2.94 billion, a PE ratio of 47.73 and a beta of 1.20. 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 firm’s fifty day moving average is C$256.33 and its 200 day moving average is C$264.21. Hammond Power Solutions has a one year low of C$114.93 and a one year high of C$365.12.

Hammond Power Solutions (TSE:HPS.A) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$2.76 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 business had revenue of C$324.80 million during the quarter. On average, research analysts forecast that Hammond Power Solutions will post 7.4221267 EPS for the current year.

About Hammond Power Solutions

Hammond Power Solutions Inc (‘HPS’ or the ‘Company’) enables electrification through its broad range of dry-type transformers, power quality products and related magnetic and power conversion systems. HPS’ standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The Company has manufacturing plants in North America, Europe and Asia and sells its products around the globe.