National Bank Financial Issues Positive Forecast for Hammond Power Solutions (TSE:HPS.A) Stock Price

Hammond Power Solutions (TSE:HPS.A) had its price target increased by National Bank Financial from C$215.00 to C$220.00 in a report published on Monday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Separately, ATB Cormark Capital Markets boosted 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. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$232.00.

Hammond Power Solutions Stock Performance

TSE:HPS.A opened at C$191.95 on Monday. 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’s fifty day simple moving average is C$186.87 and its 200 day simple moving average is C$166.33. The stock has a market cap of C$2.29 billion, a P/E ratio of 28.31 and a beta of 0.48. Hammond Power Solutions has a twelve month low of C$69.29 and a twelve month high of C$217.46.

Hammond Power Solutions (TSE:HPS.A) last issued its quarterly earnings data on Thursday, March 19th. The company reported C$1.98 EPS for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. The business had revenue of C$254.09 million during the quarter. As a group, research analysts predict that Hammond Power Solutions will post 7.4221267 EPS for the current 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.