Hammond Power Solutions Inc. (TSE:HPS.A) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) have been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is C$371.86.

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

Hammond Power Solutions Stock Performance

TSE:HPS.A opened at C$253.85 on Friday. The stock has a market cap of C$3.02 billion, a P/E ratio of 49.10 and a beta of 1.20. 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 business’s 50-day moving average price is C$264.34 and its two-hundred day moving average price is C$262.90. Hammond Power Solutions has a twelve month low of C$111.23 and a twelve month 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 EPS for the quarter. The company had revenue of C$324.80 million during the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%. As a group, equities analysts predict that Hammond Power Solutions will post 7.4221267 EPS for the current fiscal 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.