Hammond Power Solutions (TSE:HPS.A) Given a C$405.00 Price Target by Raymond James Financial Analysts

Hammond Power Solutions (TSE:HPS.A – Get Free Report) has been assigned a C$405.00 price target by equities research analysts at Raymond James Financial in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 18.79% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group increased their target price on Hammond Power Solutions from C$226.00 to C$348.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. set a C$430.00 price target on Hammond Power Solutions and gave the stock an “overweight” rating in a report on Thursday, May 28th. Royal Bank Of Canada increased their price objective on shares of Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. ATB Cormark Capital Markets lifted their price objective 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 lifted their price objective 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. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$371.86.

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Hammond Power Solutions Trading Up 0.7%

HPS.A stock traded up C$2.46 during trading on Tuesday, reaching C$340.95. 24,949 shares of the stock traded hands, compared to its average volume of 85,247. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. Hammond Power Solutions has a 52-week low of C$111.09 and a 52-week high of C$365.12. The firm has a market capitalization of C$4.06 billion, a PE ratio of 61.88 and a beta of 1.38. The business’s 50 day moving average price is C$308.80 and its 200-day moving average price is C$227.84.

Hammond Power Solutions (TSE:HPS.A – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported C$2.08 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$264.84 million during the quarter. As a group, sell-side analysts forecast that Hammond Power Solutions will post 7.4221267 earnings per share for the current year.

Hammond Power Solutions Company Profile

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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.

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