Hammond Power Solutions (TSE:HPS.A) Reaches New 52-Week High – Should You Buy?

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) reached a new 52-week high on Monday . The stock traded as high as C$230.95 and last traded at C$228.71, with a volume of 28409 shares. The stock had previously closed at C$215.66.

Wall Street Analyst Weigh In

Several analysts recently commented on HPS.A shares. Royal Bank Of Canada set a C$250.00 price objective on Hammond Power Solutions and gave the stock an “outperform” rating in a report on Monday. Canaccord Genuity Group lifted their price objective on Hammond Power Solutions from C$223.00 to C$226.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. ATB Cormark Capital Markets lifted their price objective on Hammond Power Solutions from C$235.00 to C$250.00 in a report on Wednesday, February 18th. Finally, National Bank Financial lifted their price objective on Hammond Power Solutions from C$220.00 to C$235.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$240.25.

Hammond Power Solutions Stock Down 0.0%

The firm has a market cap of C$2.88 billion, a P/E ratio of 39.88 and a beta of 0.93. 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 company has a fifty day simple moving average of C$196.16 and a 200-day simple moving average of C$175.34.

Hammond Power Solutions (TSE:HPS.A) last released its quarterly earnings data on Thursday, March 19th. The company reported C$1.98 earnings per share for the quarter. The firm had revenue of C$254.09 million during the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%. On average, equities analysts anticipate that Hammond Power Solutions Inc. will post 7.4221267 earnings per share for the current year.

Hammond Power Solutions Company Profile

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.