Hammond Power Solutions (TSE:HPS.A – Free Report) had its price target reduced by Royal Bank Of Canada from C$350.00 to C$320.00 in a research report sent to investors on Monday,BayStreet reports. They currently have an outperform rating on the stock.
HPS.A has been the subject of several other research reports. ATB Cormark Capital Markets raised their target price on Hammond Power Solutions from C$350.00 to C$400.00 and gave the stock an “outperform” rating in a research note on Friday, October 9th. National Bank Financial upped their price target on Hammond Power Solutions from C$355.00 to C$380.00 and gave the company an “outperform” rating in a research note on Tuesday, October 13th. Seven analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$378.29.
Read Our Latest Stock Report on Hammond Power Solutions
Hammond Power Solutions Stock Performance
Hammond Power Solutions stock opened at C$213.62 on Monday. The firm has a 50 day simple moving average of C$254.29 and a 200-day simple moving average of C$252.55. The stock has a market cap of C$2.54 billion, a price-to-earnings ratio of 35.37 and a beta of 0.94. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. Hammond Power Solutions has a 1-year low of C$150.56 and a 1-year high of C$365.12.
Hammond Power Solutions (TSE:HPS.A – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported C$3.13 EPS for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. The firm had revenue of C$446.26 million for the quarter. On average, analysts expect that Hammond Power Solutions will post 7.42 EPS for the current year.
About Hammond Power Solutions
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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