Hammond Power Solutions Inc. (TSE:HPS.A) Given Consensus Recommendation of “Buy” by Brokerages

Hammond Power Solutions Inc. (TSE:HPS.A – Get Free Report) has earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is C$371.86.

HPS.A has been the subject of a number of analyst reports. JPMorgan Chase & Co. set a C$430.00 price target on Hammond Power Solutions and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Raymond James Financial set a C$405.00 price target on Hammond Power Solutions and gave the company an “outperform” rating in a research report on Tuesday, June 30th. Acumen Capital lifted their target price on shares of Hammond Power Solutions from C$345.00 to C$365.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, National Bank Financial boosted their price target on shares of Hammond Power Solutions from C$325.00 to C$355.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th.

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Hammond Power Solutions Price Performance

HPS.A opened at C$240.30 on Friday. 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’s 50-day moving average price is C$257.66 and its 200 day moving average price is C$264.33. Hammond Power Solutions has a fifty-two week low of C$114.93 and a fifty-two week high of C$365.12. The firm has a market cap of C$2.86 billion, a price-to-earnings ratio of 46.48 and a beta of 1.20.

Hammond Power Solutions (TSE:HPS.A – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$2.76 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 business had revenue of C$324.80 million for the quarter. As a group, sell-side analysts expect 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 (‘HPS’ or the ‘Company’) enables electrification through its broad range of dry-type transformers, power quality products and related magnetic and power conversion systems. HPS’ standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The Company has manufacturing plants in North America, Europe and Asia and sells its products around the globe.

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