Hammond Power Solutions (TSE:HPS.A) Price Target Raised to C$400.00

Hammond Power Solutions (TSE:HPS.A – Free Report) had its price objective upped by ATB Cormark Capital Markets from C$350.00 to C$400.00 in a report issued on Friday,BayStreet reports. They currently have an outperform rating on the stock.

Other analysts have also issued research reports about the stock. Acumen Capital upped their target price on shares of Hammond Power Solutions from C$345.00 to C$365.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Raymond James Financial set a C$405.00 price target on shares of Hammond Power Solutions and gave the stock an “outperform” rating in a research note on Tuesday, June 30th. Seven investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$379.00.

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Hammond Power Solutions Trading Up 7.3%

HPS.A opened at C$308.11 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 stock has a market capitalization of C$3.67 billion, a price-to-earnings ratio of 59.60 and a beta of 0.94. The company has a 50-day simple moving average of C$258.95 and a 200 day simple moving average of C$275.09. Hammond Power Solutions has a twelve month low of C$127.17 and a twelve month high of C$365.12.

Hammond Power Solutions (TSE:HPS.A – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$2.76 earnings per share (EPS) for the quarter. The firm had revenue of C$324.80 million during the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%. Analysts predict that Hammond Power Solutions will post 7.42 EPS for the current fiscal year.

About Hammond Power Solutions

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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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