Royal Bank Of Canada Issues Pessimistic Forecast for Hammond Power Solutions (TSE:HPS.A) Stock Price

Hammond Power Solutions (TSE:HPS.A) had its target price decreased by equities researchers at Royal Bank Of Canada from C$350.00 to C$320.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price would indicate a potential upside of 41.32% from the stock’s current price.

A number of other brokerages have also recently weighed in on HPS.A. ATB Cormark Capital Markets increased their price target on Hammond Power Solutions from C$350.00 to C$400.00 and gave the stock an “outperform” rating in a research report on Friday, October 9th. National Bank Financial increased their target price on Hammond Power Solutions from C$355.00 to C$380.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$378.29.

Hammond Power Solutions Stock Performance

Shares of TSE HPS.A traded down C$3.44 during midday trading on Monday, hitting C$226.44. The company’s stock had a trading volume of 40,922 shares, compared to its average volume of 77,400. 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 has a 1-year low of C$150.56 and a 1-year high of C$365.12. The firm’s fifty day moving average price is C$255.00 and its 200-day moving average price is C$251.63. The firm has a market cap of C$2.70 billion, a P/E ratio of 43.80 and a beta of 0.94.

Hammond Power Solutions (TSE:HPS.A) last released its quarterly earnings data on Thursday, October 29th. The company reported C$3.13 earnings per share 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, sell-side analysts forecast that Hammond Power Solutions will post 7.42 EPS for the current fiscal 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.