Horizon North Logistics (TSE:HNL) Stock Rating Upgraded by Scotiabank

Horizon North Logistics (TSE:HNL) was upgraded by research analysts at Scotiabank from an “underperform” rating to a “sector perform” rating in a research report issued on Thursday, March 15th. The firm currently has a C$2.25 price target on the stock, up from their prior price target of C$1.50. Scotiabank’s target price points to a potential upside of 4.17% from the company’s current price.

HNL has been the subject of a number of other research reports. Raymond James Financial downgraded shares of Horizon North Logistics from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$2.15 to C$1.60 in a research note on Tuesday, January 9th. National Bank Financial reduced their price objective on shares of Horizon North Logistics from C$2.40 to C$1.90 and set an “outperform” rating for the company in a research note on Monday, December 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$2.08.

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TSE:HNL traded down C$0.03 during trading hours on Thursday, reaching C$2.16. The company’s stock had a trading volume of 226,406 shares, compared to its average volume of 381,746. Horizon North Logistics has a 12 month low of C$1.16 and a 12 month high of C$2.28.

Horizon North Logistics (TSE:HNL) last issued its quarterly earnings data on Tuesday, March 13th. The company reported C($0.03) EPS for the quarter, hitting analysts’ consensus estimates of C($0.03). The company had revenue of C$82.66 million during the quarter, compared to the consensus estimate of C$80.45 million. Horizon North Logistics had a negative net margin of 7.76% and a negative return on equity of 7.80%.

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About Horizon North Logistics

Horizon North Logistics Inc, a remote resource development service company, provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. It operates through two segments, Camps & Catering, and Rentals & Logistics. The Camps & Catering segment offers workforce accommodation, camp rental, and catering services; and manufactures and sells camps, as well as provides related transportation and installation services.

Analyst Recommendations for Horizon North Logistics (TSE:HNL)

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