Horizon North Logistics (HNL) Upgraded to “Market Perform” at Raymond James

Raymond James upgraded shares of Horizon North Logistics (TSE:HNL) from an underperform rating to a market perform rating in a research note published on Wednesday morning. They currently have C$2.50 price objective on the stock, up from their prior price objective of C$2.00.

Other analysts have also recently issued reports about the company. AltaCorp Capital restated an outperform rating on shares of Horizon North Logistics in a research report on Thursday, September 27th. National Bank Financial boosted their price objective on Horizon North Logistics from C$3.50 to C$3.80 and gave the company an outperform rating in a research report on Wednesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Horizon North Logistics has an average rating of Buy and an average target price of C$3.11.

Horizon North Logistics stock opened at C$2.71 on Wednesday. Horizon North Logistics has a 12 month low of C$1.41 and a 12 month high of C$3.27.

Horizon North Logistics (TSE:HNL) last posted its quarterly earnings data on Thursday, August 2nd. The company reported C($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of C($0.02). The business had revenue of C$93.60 million during the quarter, compared to analysts’ expectations of C$88.00 million.

In other news, Director Russell Newmark sold 50,000 shares of Horizon North Logistics stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of C$3.20, for a total value of C$160,000.00.

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.

Further Reading: What are the economic characteristics of a bear market?

Analyst Recommendations for Horizon North Logistics (TSE:HNL)

Receive News & Ratings for Horizon North Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon North Logistics and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply