TD Securities Boosts Horizon North Logistics (HNL) Price Target to C$3.25

Horizon North Logistics (TSE:HNL) had its price target boosted by analysts at TD Securities from C$3.00 to C$3.25 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 35.42% from the stock’s current price.

A number of other analysts have also issued reports on the stock. GMP Securities reiterated a “buy” rating and set a C$2.50 price objective on shares of Horizon North Logistics in a research note on Tuesday, January 8th. Raymond James reiterated an “outperform” rating and set a C$2.50 price objective on shares of Horizon North Logistics in a research note on Wednesday, March 13th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Horizon North Logistics in a research note on Wednesday, March 13th. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$2.94.

TSE HNL traded up C$0.12 during mid-day trading on Wednesday, hitting C$2.40. The company’s stock had a trading volume of 597,296 shares, compared to its average volume of 224,351. The firm has a market capitalization of $376.31 million and a price-to-earnings ratio of -45.28. Horizon North Logistics has a 52-week low of C$1.48 and a 52-week high of C$3.27. The company has a debt-to-equity ratio of 9.40, a quick ratio of 1.91 and a current ratio of 2.15.

Horizon North Logistics (TSE:HNL) last posted its quarterly earnings data on Tuesday, March 12th. The company reported C$0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.01. The firm had revenue of C$118.05 million for the quarter, compared to analysts’ expectations of C$107.29 million. Sell-side analysts forecast that Horizon North Logistics will post 0.119999991192661 EPS for the current fiscal year.

In other news, Director Russell Newmark acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were bought at an average price of C$1.88 per share, for a total transaction of C$28,200.00. Following the completion of the purchase, the director now directly owns 855,353 shares of the company’s stock, valued at approximately C$1,608,063.64.

About Horizon North Logistics

Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada and the United States. The company's Industrial Services division supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.

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