Hammond Power Solutions (TSE:HPS.A) Given New C$250.00 Price Target at ATB Cormark Capital Markets

Hammond Power Solutions (TSE:HPS.A) had its target price hoisted by ATB Cormark Capital Markets from C$235.00 to C$250.00 in a research report released on Wednesday,BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. Canaccord Genuity Group increased their target price on Hammond Power Solutions from C$154.00 to C$211.00 and gave the company a “buy” rating in a research report on Monday, October 27th. National Bank Financial lifted their target price on Hammond Power Solutions from C$150.00 to C$195.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hammond Power Solutions currently has a consensus rating of “Buy” and a consensus price target of C$206.00.

Hammond Power Solutions Trading Up 1.6%

TSE:HPS.A opened at C$204.11 on Wednesday. The firm has a 50-day simple moving average of C$173.92 and a 200-day simple moving average of C$154.99. Hammond Power Solutions has a one year low of C$69.29 and a one year high of C$217.46. The firm has a market cap of C$2.43 billion, a P/E ratio of 30.10 and a beta of 0.51. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03.

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.