Hammond Power Solutions (TSE:HPS.A) Stock Gets Price Target Boost from National Bank Financial

Hammond Power Solutions (TSE:HPS.A) had its price objective boosted by investment analysts at National Bank Financial from C$355.00 to C$380.00 in a note issued to investors on Tuesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 32.46% from the company’s current price.

HPS.A has been the subject of several other reports. Raymond James Financial set a C$405.00 target price on Hammond Power Solutions and gave the company an “outperform” rating in a research note on Tuesday, June 30th. ATB Cormark Capital Markets upped their price target on Hammond Power Solutions from C$350.00 to C$400.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Acumen Capital increased their price target on Hammond Power Solutions from C$345.00 to C$365.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Seven equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$382.57.

Hammond Power Solutions Stock Down 6.9%

Shares of Hammond Power Solutions stock traded down C$21.24 during trading on Tuesday, reaching C$286.87. 44,350 shares of the company traded hands, compared to its average volume of 76,524. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The firm has a market capitalization of C$3.42 billion, a PE ratio of 55.49 and a beta of 0.94. The company has a 50 day moving average price of C$260.09 and a 200-day moving average price of C$275.88. Hammond Power Solutions has a 1-year low of C$128.43 and a 1-year high of C$365.12.

Hammond Power Solutions (TSE:HPS.A) last posted its quarterly earnings results 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 firm had revenue of C$324.80 million during the quarter. As a group, equities research analysts expect that Hammond Power Solutions will post 7.42 earnings per share for the current fiscal 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.