Hammond Power Solutions (TSE:HPS.A) Given a C$250.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a C$250.00 price objective on Hammond Power Solutions (TSE:HPS.A) in a research report sent to investors on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms have also issued reports on HPS.A. National Bank Financial increased their price target on shares of Hammond Power Solutions from C$220.00 to C$235.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. ATB Cormark Capital Markets increased their price target on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a research report on Wednesday, February 18th. Finally, Canaccord Genuity Group raised their price target on shares of Hammond Power Solutions from C$223.00 to C$226.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$240.25.

Hammond Power Solutions Stock Performance

TSE:HPS.A opened at C$242.07 on Monday. Hammond Power Solutions has a 12-month low of C$77.55 and a 12-month high of C$246.60. 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 market capitalization of C$2.88 billion, a PE ratio of 39.88 and a beta of 0.93. The firm has a 50-day moving average price of C$195.14 and a 200 day moving average price of C$174.49.

Hammond Power Solutions (TSE:HPS.A) last posted its quarterly earnings results on Thursday, March 19th. The company reported C$1.98 earnings per share (EPS) 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$254.09 million during the quarter. Research analysts anticipate that Hammond Power Solutions will post 7.4221267 earnings per share for the current fiscal 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.