Hammond Power Solutions (TSE:HPS.A) Given a C$430.00 Price Target by JPMorgan Chase & Co. Analysts

Hammond Power Solutions (TSE:HPS.A) received a C$430.00 target price from research analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 28.79% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Canaccord Genuity Group upped their price objective on Hammond Power Solutions from C$226.00 to C$348.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. ATB Cormark Capital Markets boosted their target price on Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. National Bank Financial boosted their target price on Hammond Power Solutions from C$235.00 to C$325.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada boosted their target price on Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$360.60.

Hammond Power Solutions Stock Up 11.0%

Shares of TSE:HPS.A traded up C$32.99 on Thursday, hitting C$333.87. 47,821 shares of the company’s stock were exchanged, compared to its average volume of 85,892. The firm’s 50-day moving average is C$251.80 and its 200 day moving average is C$203.20. The company has a market capitalization of C$3.97 billion, a PE ratio of 60.59 and a beta of 0.96. Hammond Power Solutions has a 1-year low of C$96.96 and a 1-year high of C$356.80. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03.

Hammond Power Solutions (TSE:HPS.A) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$2.08 earnings per share (EPS) for the quarter. The business had revenue of C$264.84 million during the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%. Sell-side analysts predict that Hammond Power Solutions 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.