TD Securities Boosts Horizon North Logistics (HNL) Price Target to C$3.75

Horizon North Logistics (TSE:HNL) had its price objective lifted by TD Securities from C$3.25 to C$3.75 in a research report released on Friday morning.

A number of other equities analysts also recently commented on the company. Scotiabank raised Horizon North Logistics from an underperform rating to a sector perform rating and boosted their price objective for the stock from C$1.50 to C$2.25 in a research report on Thursday, March 15th. National Bank Financial boosted their price objective on Horizon North Logistics from C$1.90 to C$2.40 and gave the stock an outperform rating in a research report on Wednesday, March 14th. Raymond James downgraded Horizon North Logistics from a market perform rating to an underperform rating and boosted their price objective for the stock from C$1.60 to C$1.70 in a research report on Tuesday, April 10th. Clarus Securities reissued a buy rating on shares of Horizon North Logistics in a research report on Thursday, March 15th. Finally, Cormark boosted their price objective on Horizon North Logistics from C$2.80 to C$3.25 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Horizon North Logistics has a consensus rating of Buy and an average target price of C$2.95.

Shares of Horizon North Logistics stock opened at C$2.63 on Friday. Horizon North Logistics has a one year low of C$1.16 and a one year high of C$3.02.

Horizon North Logistics (TSE:HNL) last announced its quarterly earnings data on Tuesday, May 8th. The company reported C($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.02) by C($0.02). Horizon North Logistics had a negative return on equity of 7.80% and a negative net margin of 7.76%. The company had revenue of C$82.58 million for the quarter, compared to analyst estimates of C$82.65 million.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Saturday, June 30th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, June 28th.

Horizon North Logistics Company Profile

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.

Analyst Recommendations for Horizon North Logistics (TSE:HNL)

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