Brokerages Set Hammond Power Solutions Inc. (TSE:HPS.A) PT at C$371.86

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) have earned a consensus rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$371.86.

A number of brokerages recently weighed in on HPS.A. ATB Cormark Capital Markets boosted their price target on shares of Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. set a C$430.00 price objective on shares of Hammond Power Solutions and gave the stock an “overweight” rating in a report on Thursday, May 28th. Acumen Capital lifted their price objective on shares of Hammond Power Solutions from C$345.00 to C$365.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada boosted their target price on shares of Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, National Bank Financial boosted their target price on shares of Hammond Power Solutions from C$325.00 to C$355.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th.

Hammond Power Solutions Stock Performance

Shares of Hammond Power Solutions stock opened at C$269.92 on Friday. The business’s fifty day simple moving average is C$312.17 and its 200 day simple moving average is C$247.44. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. Hammond Power Solutions has a 12 month low of C$111.09 and a 12 month high of C$365.12. The firm has a market capitalization of C$3.21 billion, a P/E ratio of 48.99 and a beta of 1.35.

Hammond Power Solutions (TSE:HPS.A) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$2.08 earnings per share (EPS) for the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%.The firm had revenue of C$264.84 million during the quarter. As a group, analysts anticipate 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.