Horizon North Logistics (TSE:HNL) Given New C$1.75 Price Target at Raymond James

Horizon North Logistics (TSE:HNL) Given New C$1.75 Price Target at Raymond James


Horizon North Logistics (TSE:HNL) had its price target decreased by Raymond James from C$2.50 to C$1.75 in a research report issued on Friday, August 23rd, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 54.87% from the company’s current price. Raymond James also issued estimates for Horizon North Logistics’ FY2020 earnings at ($0.01) EPS.

Several other research firms also recently commented on HNL. TD Securities lowered their price objective on shares of Horizon North Logistics from C$3.00 to C$2.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Cormark dropped their price objective on shares of Horizon North Logistics from C$4.00 to C$2.25 in a report on Tuesday, August 6th. GMP Securities lowered Horizon North Logistics from a “hold” rating to a “reduce” rating and dropped their target price for the stock from C$2.00 to C$1.00 in a report on Tuesday, August 6th. Finally, National Bank Financial decreased their price target on Horizon North Logistics from C$2.75 to C$2.35 and set an “outperform” rating for the company in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Horizon North Logistics presently has a consensus rating of “Buy” and an average price target of C$1.87.

Shares of TSE:HNL traded up C$0.04 during trading on Friday, reaching C$1.13. The stock had a trading volume of 340,973 shares, compared to its average volume of 288,992. The firm’s 50-day simple moving average is C$1.21 and its 200 day simple moving average is C$1.81. The company has a current ratio of 1.49, a quick ratio of 1.30 and a debt-to-equity ratio of 27.41. Horizon North Logistics has a one year low of C$0.90 and a one year high of C$3.27. The company has a market capitalization of $173.69 million and a P/E ratio of -33.24.

Horizon North Logistics (TSE:HNL) last issued its quarterly earnings data on Thursday, August 1st. The company reported C($0.06) EPS for the quarter, missing the consensus estimate of C$0.01 by C($0.07). The firm had revenue of C$104.55 million during the quarter, compared to analysts’ expectations of C$113.98 million. Equities research analysts forecast that Horizon North Logistics will post 0.01 earnings per share for the current fiscal year.

Horizon North Logistics Company Profile

Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada. The company operates in two segments, Industrial Services and Modular Solutions. The Industrial Services segment supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.

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