Horizon North Logistics (HNL) Stock Rating Reaffirmed by Raymond James

Raymond James restated their outperform rating on shares of Horizon North Logistics (TSE:HNL) in a report published on Wednesday. The brokerage currently has a C$2.50 price objective on the stock.

Other analysts also recently issued reports about the company. National Bank Financial lowered their price objective on Horizon North Logistics from C$3.80 to C$3.20 and set an outperform rating for the company in a research note on Tuesday, December 4th. GMP Securities reissued a buy rating and issued a C$2.50 price objective on shares of Horizon North Logistics in a research note on Tuesday, January 8th. Finally, TD Securities increased their price objective on Horizon North Logistics from C$2.75 to C$3.00 and gave the stock a buy rating in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus price target of C$2.89.

HNL stock opened at C$1.91 on Wednesday. Horizon North Logistics has a fifty-two week low of C$1.48 and a fifty-two week high of C$3.27. The company has a debt-to-equity ratio of 7.38, a quick ratio of 1.80 and a current ratio of 2.07. The company has a market cap of $310.47 million and a P/E ratio of -21.22.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Thursday, March 28th. Horizon North Logistics’s dividend payout ratio (DPR) is presently -88.89%.

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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Analyst Recommendations for Horizon North Logistics (TSE:HNL)

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