Hammond Power Solutions (TSE:HPS.A) Price Target Increased to C$160.00 by Analysts at Acumen Capital

Hammond Power Solutions (TSE:HPS.A) had its price objective hoisted by Acumen Capital from C$156.00 to C$160.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Acumen Capital’s price target points to a potential upside of 9.33% from the company’s current price.

A number of other brokerages have also weighed in on HPS.A. Canaccord Genuity Group lifted their price objective on shares of Hammond Power Solutions from C$167.00 to C$169.00 and gave the company a “buy” rating in a report on Monday, July 29th. National Bankshares upped their target price on Hammond Power Solutions from C$164.00 to C$170.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th.

Hammond Power Solutions Price Performance

HPS.A stock traded up C$5.80 during midday trading on Tuesday, hitting C$146.35. The company’s stock had a trading volume of 37,578 shares, compared to its average volume of 77,073. The company has a 50 day moving average of C$115.72 and a two-hundred day moving average of C$118.27. Hammond Power Solutions has a 12 month low of C$46.99 and a 12 month high of C$160.51. The firm has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 26.15 and a beta of 0.83. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc, together with its subsidiaries, designs, manufactures, and sells dry-type, cast resin, and liquid filled transformers, as well as wound magnetic products for the electrical and related industries. The company provides control and automation products, including molded machine tool industrial control, industrial open core and coil control, general purpose enclosed, encapsulated control, and energy efficient drive isolation transformers, as well as reactors, DV/DT filters, and motor starting autotransformers.