Analysts Set Hammond Power Solutions Inc. (TSE:HPS.A) PT at C$371.86

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) have been given an average recommendation of “Buy” by the seven analysts that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$371.86.

HPS.A has been the topic of several research analyst reports. Raymond James Financial set a C$405.00 price objective on Hammond Power Solutions and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada boosted 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 research report on Thursday, May 7th. Canaccord Genuity Group upped their target price on shares of Hammond Power Solutions from C$226.00 to C$348.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Acumen Capital lifted their price target on shares of Hammond Power Solutions from C$345.00 to C$365.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Finally, National Bank Financial boosted their price objective on shares of Hammond Power Solutions from C$325.00 to C$355.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th.

Hammond Power Solutions Trading Down 7.6%

Shares of HPS.A stock traded down C$25.44 during trading hours on Tuesday, hitting C$308.55. 13,562 shares of the company were exchanged, compared to its average volume of 83,974. The firm has a market cap of C$3.67 billion, a PE ratio of 56.00 and a beta of 1.35. Hammond Power Solutions has a 1 year low of C$111.09 and a 1 year high of C$365.12. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The firm has a fifty day moving average of C$316.77 and a 200 day moving average of C$233.30.

Hammond Power Solutions (TSE:HPS.A) last posted its quarterly earnings results 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 for the quarter. Analysts expect that Hammond Power Solutions will post 7.4221267 earnings per share for the current year.

About Hammond Power Solutions

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.