Hammond Power Solutions Inc. (TSE:HPS.A – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$327.19 and last traded at C$326.33, with a volume of 40518 shares changing hands. The stock had previously closed at C$311.12.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on HPS.A. ATB Cormark Capital Markets upped 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 report on Thursday, May 7th. Royal Bank Of Canada upped 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 report on Thursday, May 7th. National Bank Financial upped their price target on Hammond Power Solutions from C$235.00 to C$325.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Canaccord Genuity Group upped their price target on Hammond Power Solutions from C$226.00 to C$348.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$343.25.
Get Our Latest Analysis on Hammond Power Solutions
Hammond Power Solutions Price Performance
Hammond Power Solutions (TSE:HPS.A – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported C$2.08 earnings per share 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$264.84 million during the quarter. Sell-side analysts expect that Hammond Power Solutions Inc. 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.
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