Hammond Power Solutions Inc. (TSE:HPS.A) Stock Has Consensus Target Price of C$378.29 According to Analysts

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$378.29.

HPS.A has been the subject of a number of analyst reports. ATB Cormark Capital Markets raised their price objective on shares of Hammond Power Solutions from C$350.00 to C$400.00 and gave the company an “outperform” rating in a research report on Friday, October 9th. National Bank Financial upped their target price on shares of Hammond Power Solutions from C$355.00 to C$380.00 and gave the stock an “outperform” rating in a report on Tuesday, October 13th. Finally, Royal Bank Of Canada lowered their target price on shares of Hammond Power Solutions from C$350.00 to C$320.00 and set an “outperform” rating on the stock in a research note on Monday, November 2nd.

Hammond Power Solutions Stock Performance

TSE:HPS.A opened at C$187.92 on Tuesday. 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 has a 52-week low of C$150.56 and a 52-week high of C$365.12. The firm has a market cap of C$2.24 billion, a price-to-earnings ratio of 31.11 and a beta of 1.45. The business’s fifty day moving average is C$252.22 and its 200 day moving average is C$252.89.

Hammond Power Solutions (TSE:HPS.A) last issued its quarterly earnings data on Thursday, October 29th. The company reported C$3.13 earnings per share (EPS) for the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%. The business had revenue of C$446.26 million for the quarter. Research analysts predict that Hammond Power Solutions will post 7.42 EPS for the current year.

Hammond Power Solutions Company Profile

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.