Hammond Power Solutions Inc. (TSE:HPS.A) Receives Consensus Rating of “Buy” from Analysts

Shares of Hammond Power Solutions Inc. (TSE:HPS.A – Get Free Report) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$371.86.

HPS.A has been the topic of several research analyst reports. JPMorgan Chase & Co. set a C$430.00 price objective on Hammond Power Solutions and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Canaccord Genuity Group boosted their price objective on shares of Hammond Power Solutions from C$226.00 to C$348.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Royal Bank Of Canada increased their price target on 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. 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 note on Tuesday, June 30th. Finally, Raymond James Financial set a C$405.00 target price on Hammond Power Solutions and gave the stock an “outperform” rating in a report on Tuesday, June 30th.

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Hammond Power Solutions Stock Down 5.7%

Shares of TSE:HPS.A opened at C$249.24 on Wednesday. The company has a market cap of C$692.39 million, a price-to-earnings ratio of 48.21 and a beta of 1.30. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The company has a 50-day moving average price of C$295.06 and a 200 day moving average price of C$258.13. Hammond Power Solutions has a 12 month low of C$111.09 and a 12 month high of C$365.12.

Hammond Power Solutions (TSE:HPS.A – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported C$2.76 earnings per share for the quarter. The firm had revenue of C$324.80 million for the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%. As a group, equities research analysts predict that Hammond Power Solutions will post 7.4221267 earnings per share for the current year.

About Hammond Power Solutions

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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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